Lower rates, surging stock market fail to ignite US IPO market

Lower rates, surging stock market fail to ignite US IPO market …C0NTINUE READING HERE >>>

The beginning of a rate easing cycle by the Federal Reserve was expected to spur IPO activity but analysts see the market response as muted.
Photo: CHARLY TRIBALLEAU / AFP
Source: AFP

Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs.

Experts say the lackluster IPO activity is due to competition from venture capitalists and a rate cut that was slow to come.

While initial public offerings (IPOs) typically pick up in the fall, the market was “more…

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