The US IPO market started to rebound in the 1Q24, signaling the end of a two-year freeze. Public markets ushered in more big names, many of which performed well. The year’s five largest IPOs to date average a 34% return, led by growth stocks Astera Labs (ALAB), Kaspi.kz (KSPI), and Reddit (RDDT). Alongside positive returns from recent IPOs, equities have rallied as rate cuts sit on the horizon, leading to a long-anticipated pickup in IPO filings in recent weeks, as momentum builds...
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