New York, Oct 16, 2024 (AFP) - Lower rates, surging stock market fail to ignite US IPO market

NAMPA / AFP

2024-10-16

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 muted than anticipated" this year, said re......

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