It's a volatile time for all markets, maybe especially the market for initial public offerings. The right price on an IPO stock may require good homework and lots of patience.
Offerings are only beginning to come to market after a very tough year in 2022. And September and October to date haven't offered much to give an investor hints of the values in newly-public companies.Cava is up 50.6% from its June pricing of $22, but is down 43% from its August intraday high of $58.10.ARM is down less than 1% from its $51 pricing on Sept. 13. Klaviyo is up 5% from its pricing but 15.6% from its top.
What has stalled the IPO market this time starts with the the hangover from wild speculation in 2020 and 2021. That makes the IPO market deeply vulnerable because into 2021, companies that could show massive revenue growth, regardless of profitability, could easily sell their shares and pay very low rates for money.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Trading Volume Hits Pre-IPO Levels in Latest Quarter: ReportCrypto Blog
Read more »
Willow's Warwick Davis Calls Out Disney for Removing Reboot Series, 'Embarrassing'Warwick Davis says fans ask him why they can't watch Willow on Disney+ anymore.
Read more »
The Little Black Dress Is Having a Big MomentWhy the classic look suddenly feels like a breath of fresh air
Read more »
Netflix's One Piece Director Explains Why the Straw Hat Crew ResonatesMarc Jobst breaks down why the Straw Hat Pirates are so important in the anime world.
Read more »
Julia Fox bares her bum in leggings with cheeky heart-shaped cutoutWhy wear your heart on your sleeve when you can put it on your posterior?
Read more »
Bus driver fired for drinking on the job had 'no idea there was alcohol in White Claw'In an emotional interview, the driver explained why it was a misunderstanding.
Read more »