Wall Street’s frozen IPO market is thawing as companies take advantage of stock rally
Publishing timestamp: 2023-02-09 14:23:05
Summary
The successful listing of Nextracker has given bankers hope that the market for newly-listed company shares is stirring to life. JPMorgan is the lead advisor on two renewable energy firms planning to list in the U.S. Investors are favoring green energy, biotech companies with promising drug trials, retail brands, and parts of the financial sector like insurance. Companies waiting in the wings to list include Instacart, Stripe, Epic Games, Fanatics, and Chime. Johnson & Johnson has filed to take its Kenvue consumer health unit public. Tech and fintech names are still generally out of favor.
Sentiment: POSITIVE
Tickers: MS, JNJ, UNDEFINED, JPM, GS,
Keywords: morgan stanley, breakingnewsglobal, nextracker inc, business news, goldman sachs group inc, johnson & johnson, investment strategy, breaking news: investing, banks, ipo, breaking news: markets, jpmorgan chase & co,
Source: https://www.cnbc.com/2023/02/09/ipos-wall-streets-frozen-market-is-thawing-after-stock-rally.html