), have not delivered the performance many investors hoped for. University of Florida Professor Jay Ritter and PitchBook Analyst Kyle Stanford joined Yahoo Finance Live to discuss the IPO market.
“A big issue has been the reset in valuations for growth companies,” Ritter says. Companies like Birkenstock, “which is much more mature, there’s less uncertainty, but there’s still uncertainty about its ability to grow future profits.”Digital World Acquisition Corp , the blank-check acquisition company that plans to merge with former U.S.
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