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home / news releases / even a depressed ipo market can produce ai stars

IPOS - Even A Depressed IPO Market Can Produce (AI) Stars

Renaissance Capital Greenwich Fund

2024-02-18 23:42:26 ET

Summary

  • IPO activity in 2023 remained subdued compared to pre-pandemic years despite expectations of a surge.
  • IPO experts are now predicting a resurgence in new stock offerings for 2024, but projections keep getting pushed back.
  • Factors such as the upcoming presidential election, underperformance of recent IPOs, and elevated interest rates are hindering IPO market momentum.

By Andrew Prochnow

Following a lackluster performance in 2022, many experts anticipated a surge in the number of initial public offerings (IPOs) in 2023. However, contrary to expectations, IPO activity remained significantly subdued compared to the pre-pandemic years.

Consequently, several IPO experts, particularly those vested in IPOs, are now predicting a resurgence in new stock offerings for 2024....

For further details see:

Even A Depressed IPO Market Can Produce (AI) Stars
Stock Information
Company Name: Renaissance Capital Greenwich Fund
Stock Symbol: IPOS
Market: NYSE
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