12/19/2023 0 Comments Recent ipos reddit![]() exchange-already rivaling the record 606 SPACs that took companies public last year. About 575 SPACs are currently sitting on roughly $155 billion raised for private companies eager to list on a U.S. Higher interest rates, which tend to hurt public company earnings and stock prices, are “top of mind,” says Stanfill, expecting more volatility that could ultimately delay some IPO plans or even discourage others altogether in the shorter term.ĭespite the growing risks, there are still a large number of special-purpose acquisition companies actively searching for deals and likely to provide a big IPO tailwind, Stanfill notes. Meanwhile, stock market volatility jumped to an 11-month high in December after the Federal Reserve announced plans to hike interest rates three times this year and completely phase out its pandemic-era bond purchases by March in response to decades-high inflation, pulling the S&P down nearly 4% from a record close just days earlier. companies that went public between 20 were trading below their IPO prices one year later. ![]() “This isn’t a new trend,” says Bell of the poor post-IPO performance, noting half of U.S. Compare that with gains of 27% and 23% for the S&P 500 and tech-heavy Nasdaq, respectively. IPOs, skyrocketed 107% in 2020 but plummeted about 9.5% in 2021. ![]() The Renaissance IPO ETF, which has some $700 million in assets and touts ownership of the “largest, most liquid, newly listed” U.S. ![]() exchanges between 20 were trading below their IPO prices one year later, notes Ally Invest’s Lindsey Bell. Despite the explosion of firms going public, half of the companies that listed on U.S. ![]()
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