US IPO market picks up steam as election looms

The US IPO market is seeing renewed momentum as the 2024 presidential election approaches, with investors and analysts eyeing potential opportunities ahead. This resurgence follows a prolonged period of stagnation, sparking confidence that the market is turning a corner.

“In the past, after major corrections like the 2000 dot-com bubble and the 2008 financial crisis, it took several years for IPO volume to recover, even when the general stock market was on the rebound,” said Jay Ritter, an IPO expert and the Joseph B. Cordell Eminent Scholar at the University of Florida.

Read more in this story from Global Finance Magazine.