Opening Bell: September 19, 2025

IPO Market Overview - The IPO market is showing signs of attractiveness with several potentially profitable companies going public [2][3] - The market is being discerning, indicating a healthy correction mechanism [3][5] - Not all IPOs experience huge run-ups, some open below their initial price [4] Company Specifics - Pattern Group, an e-commerce firm focused on reselling goods on marketplaces, is celebrating an IPO [1] - StubHub's performance is noted as "not good," trading below its offering price [3][5] Market Sentiment - The market's discerning nature is viewed as a positive sign, suggesting a balanced approach to valuing new companies [5] - Run-ups are observed on day one, followed by a subsequent decrease, though remaining above the offering price [4]