IPO market: There's improved sentiment & 'good indicators' for activity, analyst says

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Recovery in the IPO market remains choppy as companies like Arm (ARM) and Instacart (CART) see initial downtrends after entering public trading. However, the question remains whether or not investors still have the appetite for future IPOs despite those headwinds. Renaissance Capital Research Director Nick Einhorn joins Yahoo Finance to discuss the current status of the IPO market and how investors are feeling about current and future IPOs. Einhorn explains, 'I think the fact that [Arm and Instacart] got healthy reception. They priced at the high end of the range for Arm, priced at the range for Instacart and Klaviyo (KVYO), that does show that there is demand for IPOs out there.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

These key fundamental factors make SHOP stock a screaming buy after its recent declines. The post Shopify Stock Is a Screaming Buy on the Dip appeared first on The Motley Fool Canada.TORONTO — Weakness in energy and mining stocks outweighed strength elsewhere on Canada's main stock index Wednesday, which lost just a handful of points, while U.S. markets fell near the end of the day after the U.S. Federal Reserve chose to hold on interest rates.

Instacart delivered in its stock market debut. The grocery delivery company's shares __ priced at $30 per share ahead of the IPO __ hit a peak of $42.95 Tuesday in the first few minutes of trading on the Nasdaq stock exchange. They finished the day up 12.3% at $33.70, giving the company a market value of more than $11 billion. At Instacart's San Francisco headquarters, CEO Fidji Simo and other executives celebrated the IPO by ringing a bell shaped like the company's carrot logo.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Instacart’s $660 Million IPO Meets Goal With Market ReboundingGrocery delivery business Instacart priced its initial public offering at the top of a marketed range to raise $660 million in the second marquee listing in a week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Instacart valued at US$9.9-billion as IPO market reboundsParent company prices at the top of its indicated range
Source: globeandmail - 🏆 5. / 92 Read more »