Mixed results in the latest batch of IPOs, but the market is opening up

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

The IPO market is reopening, but with a strong reality check from the customers.

July doldrums are upon us, but maybe not for IPOs What's next? Trading volumes traditionally drop in July and August, and so does IPO activity. The traditional mantra is, if the IPO doesn't get done by July 4th, it waits until after Labor Day. That may not be the case this year. With several large IPOs already launched in June, the market may stay open in July.

One potential candidate is Oddity Tech, which sells branded beauty and wellness products to consumers worldwide and has already filed to go public. But we are still waiting for some of the larger IPO candidates to make announcements, like Reddit, Instacart, Panera Bread, Stripe, Impossible Foods, Fanatics, StubHub, Klarna, and ARM. If any of those set firm dates for an IPO, that will be the signal the IPO market is getting back to normal, even if prices are more favorable to buyers.

 

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:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

Stock market today: Global shares mixed despite Wall Street rallyGlobal shares were mixed on Wednesday despite a rally on Wall Street driven by optimism over reports suggesting the American economy is in better shape than feared.
Source: wjxt4 - 🏆 246. / 63 Read more »