NYSE President 'Incredibly Optimistic' About More IPOs In 2024: Over $13.7B Raised So Far
Portfolio Pulse from Benzinga Neuro
NYSE President Lynn Martin is optimistic about the IPO market in 2024, with over $13.7 billion raised so far, marking a significant increase from the previous year. The resurgence follows a slump in 2023 due to high interest rates and recession fears. Major IPOs like Reddit Inc. (NYSE:RDDT) and Galderma Group AG have contributed to this year's success. Martin anticipates a typical year for IPOs in 2024, despite potential slowdowns around the U.S. presidential election.
May 13, 2024 | 2:15 pm
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Reddit Inc.'s successful IPO, contributing significantly to the 2024 IPO market resurgence, indicates strong investor confidence and market momentum.
Reddit Inc.'s IPO is highlighted as a major contributor to the 2024 IPO market's success, indicating a positive reception from investors and potentially leading to a higher stock price in the short term due to increased visibility and investor interest.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90