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IPO activity is expected to pick up in 2024. Nasdaq Co-President Nelson Griggs points to a few reasons for an uptick including improved investor sentiment and the success IPOs have seen so far this year. Griggs expects that if that success continues, there could be more IPO activity picking up in the back half of the year, but he cautions that there is still a "'I need to get a bit bigger' to be a public company" mentality for some companies. "We have seen a pretty dramatic build of companies that would like to go public. I think we just have to see these companies that do go out now do well and then the investors will be excited to participate," Griggs adds. Watch the video above to hear Griggs explain why we are just at the start of the AI impact on the IPO market. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.
The IPO market has started to see increased activity in 2024, with 33 IPOs so far. Renaissance Capital Assistant Portfolio Manager Avery Marquez joins Yahoo Finance Live to discuss why she believes a spring pickup is starting to materialize. Marquez states that the IPO market is "off to a very good start" this year, noting that returns can make or break whether issuers believe a company is ready to go public. She highlights that there have been improved returns. If large deals continue to outperform, these returns "will be a huge driver" in seeing "more issuers come to market." Furthermore, Marquez identifies several key sectors where the IPO market could see increased activity, including healthcare, technology, and industrials. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
Renewed IPO interest was set to be among 2024's top market themes following a 2023 slump. Social media platform Reddit (RDDT) is a recent addition to the Nasdaq via a long-awaited IPO. The Renaissance IPO ETF (IPO) has climbed by over 40% in the last year and over 13% year-to-date this year. DataTrek Co-Founder Jessica Rabe explains Wall Street's "IPO window" that companies use to plot the timing of a public offering and her own forecasts for increased IPO activity. "There were as many as almost 500 IPOs during 1999, and there were a little over 300 during the pandemic-driven speculative tech bubble in 2021," Rabe tells Yahoo Finance. "There are only about 30 IPOs last quarter, so at that run rate... there's not enough volume to signal a genuine market bubble like we've seen in the past." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.