Is the IPO market really opening up?
Over the weekend, Goldman Sachs' chief U.S. equity strategist David Kostin said the IPO market was becoming more "normalized," meaning issuance was starting to pick up.
That means investors are looking for 1) much lower valuations, and 2) profitability.
How excited are they about this "reopening" and much lower valuations?
Lower valuations for investors and venture capital The good news is, lower valuations give investors on the first day of trading a greater chance at making money after trading starts.
Persons:
Goldman Sachs, David Kostin, Kostin, Goldman's Kostin, Eric Bellomo, PitchBook's, FactSet, Nizar Tarhuni, Instacart, Catalyst, Rowe Price, you'll, Goldman, What's, Nizar
Organizations:
DST Global
Locations:
IPOs