News Formal

The IPO market started strong and could soon take off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Sverige Nyheter Nyheter

According to Renaissance Capital, 42 IPOs have priced this year. The average first-day pop has been 22%, well above the average of 13% to 15%.

The IPO market is off to an exceptionally strong start, after a two-month hiatus around the government shutdown.The above-average performance extends beyond the first day of trading. About 62% of recent initial public offerings are still trading above their IPO price."With returns like this, the floodgates are going to open very fast," said Renaissance Capital's Kathleen Smith.

Coming up next week: Slack will start its road show, lab supplier Avantor will seek to raise $3 billion for its IPO, Pimco Mortgage Interest Trust, a mortgage REIT, will seek to raise $1 billion, and Luckin Coffee, an app-only coffee shop billed as the Starbucks of China, will also seek to raise $480 million. We are also waiting for WeWork to make its filing public.

"The landscape is much more friendly, but this is not an unfiltered environment," he said."If the valuations are going to be pushed above general market expectations, you will have deals that may do well at the open, but they will fall under their own weight." CNBC reported Wednesday that Uber will price its IPO at $47 or below, the midpoint of its $44-$50 price range. At the midpoint, Uber's valuation would be about $86 billion, well below prior price talk of $100 billion to $120 billion.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Uber drivers' strike takes off in front of company headquarters ahead of $90 billion IPORideshare drivers across the world are boycotting Uber for as long as 24 hours today, demanding fare increases and lower commissions paid to Uber. Or they could get another job I had 0 problem getting an uber today. Wouldn’t even have known there was a strike Striking on a company that isn't showing a sign of making money yet.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Beyond Meat, plant-based food company, surges more than 130% after IPOPea protein is the main ingredient of Beyond Meat products, designed to replicate the taste and texture of animal-based foods. Ewww
Källa: washingtonpost - 🏆 95. / 72 Läs mer »