2023-11-11 00:11:40
The trend should remain sluggish on the IPO front until the end of the year. But financial professionals want to be a little more confident for 2024. 293658691/MIND AND I – stock.adobe.com
ANALYSIS – The companies that have taken their first steps on Wall Street since September have not convinced the market.
There are signs that are unmistakable. Last week, the private equity firm CVC postponed its planned IPO in the home stretch. Bourse, which was to be the most important of the year in Europe. A few days earlier, the French business software publisher Planiswarewho hoped to make the biggest entry at the Paris stock exchange for two years, had already postponed his plans to the last minute.
The market environment has recently deteriorated, prompting investors to exercise extreme caution
Pierre Démontant president of Planisphere.
“The market environment has recently deteriorated, prompting investors to exercise great caution”then justified Pierre Démontant, its president.
Disappointing performance
It is true that the stock markets have been chaotic since the end of summer. The economic environment remains very uncertain; interest rate hikes by central banks may not be over and the geopolitical turbulence darken the horizon.
Above all, the series of major IPOs carried out on Wall Street since mid-September has not sparked anything…
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