IPO market cools as sentiment moves from ‘wildly overoptimistic to optimistic’ MarketWatch 1 hr ago IPO REPORT Enthusiasm for initial public offerings seems to be cooling after a strong recent stretch that saw companies chalk up outsized gains despite the gloomy background of a global pandemic. Popular Searches Following a year of “big price jumps and a lot of investor enthusiasm” for IPOs, investors appear to be getting a bit more pragmatic when it comes to new issues, said University of Florida finance professor Jay Ritter, but only a bit. Even the more muted debut-session price movement of March is high by historical standards.