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

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 like Cordell Eminent Scholar Jay Ritter say the lackluster IPO activity is due to competition from venture capitalists and a rate cut that was slow to come.

Read more in this story from Barron’s.