SNOW - What Can Investors Learn From the Explosion of IPOs?
In August, a number of popular tech companies announced plans for their initial public offerings (IPO). This is exciting for many investors who are looking for more opportunities in the technology and healthcare sectors, but the volume and timing suggest that corporate management teams are anticipating a less favorable environment next year. That would have meaningful ramifications for the stock market, and it is not something bull market investors want to hear.
Palantir, Airbnb, Ant Financial, DoorDash, Asana, Snowflake, JFrog, and Sumo Logic are among the big names going public. These come on the heels of several successful IPOs this summer, such as Warner Music Group, ZoomInfo, and BigCommerce.
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