Goldman Sachs strategists expect the "depressed" European IPO market to accelerate over the coming months https://t.co/zt5e5F4hqt ...

Core Viewpoint - The upcoming IPOs of Fermi, Neptune Insurance, and Commercial Bancgroup indicate a diversification in the IPO market beyond just technology companies [1] Group 1 - Fermi, Neptune Insurance, and Commercial Bancgroup are set to debut, showcasing a broader range of industries participating in the IPO market [1] - The trend suggests that investors are looking for opportunities in various sectors, not limited to technology [1]

A burst of activity is powering the US IPO market toward its busiest month since the final innings of a manic 2021 https://t.co/Htlz0FRJg3 ...

Stock Market News From Sept. 19, 2025: Stocks Climb to New Highs Last Updated: CONCLUDED 3 hours ago StubHub, Klarna, and Pattern Show Cracks in IPO Market By Paul R. La Monica The initial public offering market has had a sizzling summer, with stellar debuts from crypto and tech firms such as Circle Internet Group, Figma, Bullish, and Figure. But there may be some cracks in the IPO bull run, particularly for consumer companies. Ticket reseller StubHub fell in its market debut Wednesday and continued to slid ...

Core Viewpoint - StubHub Holdings Inc. successfully completed its IPO, raising $800 million at a share price of $23.50, achieving a market valuation of $8.64 billion, marking a significant milestone for the company and its co-founder Eric Baker [1][5]. Group 1: IPO Details - StubHub priced its IPO at the midpoint of its proposed range, selling 34 million shares with a valuation of $8.64 billion based on the IPO price [1]. - The IPO was underwritten by major banks including JPMorgan and Goldman Sachs, with shares expected to begin trading on the New York Stock Exchange under the ticker "STUB" [5]. Group 2: Market Context - The U.S. IPO market has been active, raising approximately $4.7 billion since September 1, excluding SPACs, with several companies experiencing significant stock price increases on their debut [1]. - StubHub's IPO comes amid increased scrutiny of the ticketing industry, particularly regarding practices at Ticketmaster, which is under investigation by the FTC [3]. Group 3: Company Background and Financials - StubHub's IPO follows a long pursuit of going public, initially aiming for a valuation exceeding $13 billion, which was postponed due to unfavorable market conditions [2]. - For the six months ending June 30, StubHub reported revenue of $827.9 million and a net loss of $76 million, compared to $803.5 million in revenue and a net loss of $24 million in the same period last year [5]. - The company is expanding its new ticketing business, which currently represents a small portion of its overall sales, and has secured a multi-year partnership with Major League Baseball [2]. Group 4: Leadership and Ownership Structure - Co-founder Eric Baker, who previously founded Viagogo, retains significant control over StubHub post-IPO, holding 4.2% of Class A common stock and 88.3% of voting power through Class B shares [4]. - Other investors, including Madrone Partners LP and WestCap Management, will hold 2.7% and 1.3% of voting power, respectively, with both having board representation [4].

Market Overview - The market is experiencing a bullish trend, with major indexes reaching record levels, including the Dow Jones Industrial Average up 1.36%, S&P 500 up 0.85%, and Nasdaq Composite up 0.72% [3] - Softer economic data, including a surprise increase in weekly jobless claims and a revision of nonfarm payrolls, may lead the Federal Reserve to consider cutting interest rates [2] Investor Sentiment - Many investors remain skeptical about the market's upward movement, often holding bearish views since the Great Recession [4] - There is a growing concern among money managers about the U.S.'s economic backdrop, including rising national debt and geopolitical tensions [4] Stock Performance - Despite broader concerns, individual stocks are identified as having potential for growth, with some currently perceived as "cheap" likely to appreciate in value [5] - The IPO market is thriving, and notable stock movements, such as Oracle's significant rally, highlight opportunities for investment [5] Future Outlook - If bearish investors do not shift their stance and begin buying, they risk losing clients to other investment opportunities [6]

IPO Market Sentiment - The IPO market is currently open and buoyant, a change from recent trends [2] - SPACs (Special Purpose Acquisition Companies) had previously inflated IPO issuance numbers, but their quality was often low [3][4] - Despite past issues, SPACs have not disappeared and new deals are still being announced [4] Specific Companies and Events - Figure Technologies, a stable coin lender, is celebrating its IPO at the NASDAQ [2] - A nonprofit encouraging charity and volunteer service is present at the NASDAQ [2]

Market Trends - The IPO market is making a comeback in 2025 [1] - Public markets are shrinking, while private markets are growing [3] - 25 years ago, there were over 8,000 publicly traded companies, now there are half that amount [3] - A decade ago, there were about 50 unicorns, today there are close to 1,200 [3] Private Market Dynamics - Private companies are offering liquidity to employees through tenders to attract and retain talent [4][5] - NASDAQ Private Market's tender volume was approximately $35 billion 3 years ago, $65 billion last year, and is projected to be $30 billion in 2025 [6] - The private markets could exceed public markets by at least one metric in the next 3 to 5 years [2] - Private markets are being opened up to retail investors, but it's crucial to understand the differences from public markets [10][11][12] - Private companies need to approve every single share transfer, unlike public markets [13] Valuation of Private Companies - Open AI has a valuation of $500 billion, SpaceX has a valuation of $400 billion, and Anthropic has a valuation of $180 billion [7][8]

We're joined now by venture capitalist Lo Tony of Plexo Capital. He's also a CNBC contributor. It's good to see you. Good to see you as well.I wish you were here. Uh because it's been such a big day for this offering. When you see something like that, you I mean your smile is wide.Uh what what are you thinking about. Well, bullish debut was nothing short of a milestone for for digital assets. overs subscribed 20 times, raising 1.1% billion and opening 140% above the IPO price.So I don't think that's hype. I ...

Yeah, there's been a big resurgence in the IPO market and that has the Renaissance IPO ETF hitting highs not seen since February of 2022. Joining me now is Matthew Kennedy, senior strategist at Renaissance Capital. Uh, Matthew, thank you for being here.What do you think is behind this kind of return of enthusiasm that we've seen behind these IPOs themselves. Sure. So, uh, you know, we're calling it the great IPO rebound and, uh, it'll be a return to maybe three to five deals per week.It'll start off as kind ...