IPO market slows down
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After a slow summer but before company financial statements are due.
Experts were expecting IPOs to pick up near the end of this year, but a shaky market has scared companies.
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IPO market went cold in 2021 when the Fed started to raise interest rates.
Most companies who have IPO’d in the last 2.5 years are trading below their IPO prices.
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Primarily driven by uncertainty around the election and how much the Fed is cutting rates.
StubHub and Chinese autonomous driving company, WeRide, are two companies delaying their IPO until 2025.
