Market Moves
Tall Order: Bulls Hope Reddit’s Fledgling Stock Will Lift the IPO Curse
Previous supposedly hot offerings, like Instacart, did nothing to help the tattered new-issue market.
Previous supposedly hot offerings, like Instacart, did nothing to help the tattered new-issue market.
Due to high interest rates, among other things, VC investment in new companies and IPO exits are way down from previous years.
After a lean season, a bevy of excitement-generating deals is in the pipeline, headed by Instacart.
Non-public companies valued at $1 billion and up haven’t sprung back with the stock market.