Bankers and investors are embracing a degree of optimism for the IPO market following a slew of major market debuts in September that made for one of the busiest months since the start of 2022. The performance of a spate of high-profile IPOs is being closely watched as an indicator of investors' appetite for new issues. In the last four weeks, at least 25 companies in the United States and Europe have joined the stock market, raising hopes that a recovery may be in sight after a lengthy drought in fresh listings.
FILE PHOTO: Traders work on the floor of the NYSE in New YorkNEW YORK/LONDON - Bankers and investors are embracing a degree of optimism for the IPO market following a slew of major market debuts in September that made for one of the busiest months since the start of 2022.
"We're definitely seeing a bit of a soft open in the IPO market", said Lizzie Reed, global head of the ECM syndicate desk at Goldman Sachs. "The last cohort of IPOs ... provided a case study for issuers who might be contemplating markets access." "It's encouraging to see deals being priced, but it will continue to be a gradual re-opening of the market rather than the floodgates opening," said Suneel Hargunani, co-head of ECM at Citigroup for Europe, the Middle East and Africa .
Arm, Instacart and Klaviyo were all profitable at the time of their listings. Klaviyo's shares are now trading at a 21% premium to their IPO price.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The IPO market looks to bounce back in 2024The IPO market has been a mixed bag this year as many listings displayed generally lackluster performances in raising funds. Hope may be on the horizon for the IPO market as, according to data compiled by Bloomberg, September was a banner month, with companies like Arm Holdings (ARM), Instacart (CART), and Klaviyo (KVYO) debuting on exchanges and raising $7.2 billion dollars. Yahoo Finance's Akiko Fujita and Rachelle Akuffo break down the sentiment for the IPO market going into the next fiscal year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Lire la suite »
Bankers Prepare for Stada Sale With €6 Billion Debt PackageBankers eager to finance a buyout of German drugmaker Stada Arzneimittel AG are considering a debt package as high as €6 billion ($6.3 billion), pegging the coveted deal as a bellwether for the market.
Lire la suite »
Instacart shares fall further below IPO priceInstacart's stock dropped 4% on Wednesday, marking a fresh low a day after it closed for the first time under the price in the grocery delivery platform's high-profile initial public offering. Shares of Instacart, formally called Maplebear, last traded at $28.71 compared to the $30 price set in its IPO on Sept. 18. Retail investors bought almost $12 million worth of Instacart shares in the company's first trading session, and net purchases have steadily declined since then, amounting on Wednesday to about $100,000, according to Vanda Research, which tracks retail trades.
Lire la suite »
Instacart shares fall further below IPO priceBy Noel Randewich (Reuters) - Instacart's stock dropped 4% on Wednesday, marking a fresh low a day after it closed for the first time under the price ...
Lire la suite »
Birkenstock eyes US IPO even in government shutdown -sourcesBy Abigail Summerville and Anirban Sen NEW YORK (Reuters) - German premium footwear brand Birkenstock Holding is pushing ahead with its plans to launch ...
Lire la suite »