Three highly anticipated initial public offerings that came to market this past week raised investor hopes that a nearly two-year-long drought in IPOs might finally be coming to an end. But the underperformance of all three stocks — which by Thursday were all trading within a couple of percent on either side of their offering prices — could be a sign that market sentiment isn't ready to embrace a lot more risk just yet.
mountain 2023-09-19 Instacart shares since market debut "You're in an environment where a lot of investors are looking for more stability," Lerner said. "When you have risk-on, people are willing to take to go ahead on these companies that have higher risk-return profiles, but in the short term, the market just has a bit of a lack of confidence based on all the crosscurrents.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »