This year's best-performing IPO is a company that makes golf putters. Shares in Sacks Parente Golf soared more than 600% on their Tuesday debut. Shares in Sacks Parente Golf soared more than 600% on their Tuesday debut, before paring gains after-hours. The 624% bounce cemented Sacks Parente as the best-performing market debut of 2023 and gave some hope for the subdued IPO market. Fears of a recession have waned, and the Fed's rate rises appear to be working with consumer price inflation easing to about 3%.

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Persons: Sacks, putters, Sacks Parente, There's, Dow Jones Organizations: Service, Nasdaq, CNBC Locations: Wall, Silicon, California