IPO Market Moves From Pessimism to Optimism to ‘Utter Confusion’
- Renewed concern over higher rates undermined market rebound
- Some deals may proceed with market well off 2022 low point
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After swinging from pessimism to near euphoria earlier this year, the outlook for the US IPO market is tumbling into turmoil.
Dealmakers are preaching patience just weeks after a push to accelerate the timelines of some listings as investors come to terms with the prospect of interest rates staying higher for longer following hotter-than-expected inflation data.