IPO Rebound Creates $5.8 Billion in Wealth From Nursing to Tech

Rubrik is latest company to debut after raising $752 million
Success of Reddit, Galderma IPOs prompted other firms to list

Reddit Inc. signage during the company's IPO on the floor of the New York Stock Exchange on March 21. — Reddit Inc. signage during the company's IPO on the floor of the New York Stock Exchange on March 21.
Photographer: Michael Nagle/Bloomberg

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By Vernal Galpotthawela and Tom Maloney

April 25, 2024 at 1:48 PM UTC

This article is for subscribers only.

A re-awakened market for initial public offerings is creating new fortunes across the US.

Founders are taking advantage of strong equity markets to raise cash, accruing at least $5.8 billion in wealth so far this year, according to the Bloomberg Billionaires Index.