The ongoing IPO bear market has swallowed SPACs whole, but the recently completed quarter is generating cautious optimism that the bears plaguing traditional IPOs may finally be getting ready to hibernate.
Some big names decided to go public in the third quarter, not the least being Arm Holdings, the biggest IPO of the year so far at over $5.2 billion. Whether this is a genuine trend is difficult to say because Arm isn’t a startup; rather, it’s a well-established, previously publicly-listed semiconductor company that’s returning to the public exchanges and benefiting from the current surge in AI investment interest. ...
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