Investors Are Paying a Price as Bankers Get Cautious With IPOs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Last year was brutal for startups and the initial public offering (IPO) market, as the recessionary headwinds coupled with the rising interest rates dissuaded venture capitalists and investors alike. While investors cheered a surprising IPO market comeback with British chipmaker Arm Holdings' (NASDAQ:ARM) listing on the Nasdaq Stock Exchange and grocery delivery app Instacart's (NYSE:CART) debut on the New York Stock Exchange, both stocks wobbled soon after their listing. Arm stock plummeted by