IPO Market Warming Up Finally

“Green shoots are finally popping up in the market for US initial public offerings, but don’t look for a spring bloom just yet.

“About seven IPOs are expected to raise a combined $900 million and begin trading by Friday, making for the busiest week since October’s $990 million listing by Intel Corp.’s self-driving technology unit Mobileye Global Inc., according to data compiled by Bloomberg. “

Read more: https://www.bloomberg.com/news/articles/2023-02-07/ipo-market-warms-up-with-busiest-us-trading-week-since-october#xj4y7vzkg

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Shares in United Internet AG’s web hosting arm Ionos SE dropped following the company’s debut on the Frankfurt Stock Exchange, the first test of the German exchange this year. Ionos fell to €18.14 at 9:20 a.m. in Frankfurt. That’s compared to a 0.8% gain in the Stoxx Europe 600 Index. That’s about half of what Ionos had originally targeted. Globally, the number of listings last year fell by almost half, according to data compiled by Bloomberg. The company, whose publicly traded peers include GoDaddy Inc. and Squarespace Inc., focuses on small and medium-sized enterprises in Europe and North America. Ionos also runs a fast-growing cloud business that competes with firms including France’s OVH Groupe SAS and New York-listed DigitalOcean Holdings Inc.. Full Story: https://www.bloomberg.com/news/articles/2023-02-08/germany-s-ionos-shares-fall-after-debut-in-quiet-ipo-market#xj4y7vzkg

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