IPO - IPO Activity Slow To Recover

2024-03-21 19:25:00 ET

Summary

• The talk of the day is the debut of Reddit (RDDT) on public markets. The stock priced at the top of its expected range, and at the intraday highs traded 70% above the IPO price of $34.
• While Reddit's debut places some attention on new companies, overall IPO activity remains muted.
• Following record issuance in the first couple of years of the pandemic, IPO activity has cratered to some of the lowest levels since the Financial Crisis.

The talk of the day is the debut of Reddit ( RDDT ) on public markets. The stock priced at the top of its expected range, and at the intraday highs traded 70% above the IPO price of $34....

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