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Sunday, March 24, 2024

Reddit, Galderma Fire IPO Starting Gun. Now Investors Want More

 

  • Investors cheer AI plays, well-priced skincare debuts
  • ‘Couple of quarters away’ from broad reopening: Stifel’s Rubin

Initial public offerings are back. Maybe.

Last week was a potential watershed moment for the long-dormant IPO market, as a pair of technology darlings — Reddit Inc. and Astera Labs Inc. — and Swiss skin-care company Galderma Group AG went public with a rush of investor demand that sent their stock prices soaring. To investors hoping for a revival of equity debuts, this was exactly what they wanted to see.

https://www.bloomberg.com/news/articles/2024-03-24/reddit-galderma-fire-ipo-starting-gun-now-investors-want-more

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