Nelson Griggs, president of the Nasdaq Stock Market, expressed confidence in a resurgence of the IPO market later this year. He attributed this to a backlog of companies eager to go public and noted that recent market trends signal a renewed interest in public offerings.
Los Angeles news 24/7: Watch NBC4 free wherever you are. Nasdaq president Nelson Griggs shared his optimistic outlook on the IPO market, believing it will experience a resurgence in the latter half of the year. He likened the current situation to a pendulum, swinging between periods of private and public investment. \Griggs highlighted the significant backlog of companies eager to go public, citing three consecutive years of limited capital raised in public markets.
He pointed to examples like Twin Peaks, a sports bar spinoff from Fat Brands, which recently debuted on the stock market to address debt. Even prominent companies like OpenAI, known for its advancements in artificial intelligence, are flourishing in the private sector.\While acknowledging recent innovation allowing companies to access more liquidity privately, Griggs emphasized the importance of going public for deep, sustained liquidity. He observed that market shifts, such as improved yields and compressed valuation discounts, indicate a return of the incentive to enter the public market
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