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The weeks before Thanksgiving usually bring a spate of large IPOs eager to go public before the holiday season starts. But this year, nothing is happening.
Companies listing on US exchanges have raised roughly $7.2 billion so far in September, accounting for 56% of the cash raised in global IPOs that priced this month, data compiled by Bloomberg show. While Arm accounts for nearly $4 of every $10 raised this month, a boost in activity around the world suggests a broad-based thawing of conditions, so long as central banks don't get in the way.
(Bloomberg) -- Bankers and investors are optimistic that a string of initial public offerings will cap off a quiet year for new issuance before things accelerate in 2024.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownTrump Found Liable for Fraud in New York Attorney General’s CaseIndians Have Five Days to Deposit $3 Bil
The world’s biggest IPO in the US has sparked a flurry of bids for late-stage private company stakes.
Only three fintech startups have actually seen their secondary valuations increase since January 2022: HR/payroll startups Rippling, Gusto and Deel.