NYSE President Sees More US Companies Pursuing Public Offerings

The market for US initial public offerings is opening up, with more companies deciding to sell shares for the first time, New York Stock Exchange President Lynn Martin said.

“I’m incredibly optimistic given the amount of proceeds that have been raised so far in the markets,” Martin said Monday in a Bloomberg Television interview. NYSE Group Inc. has had about 25 IPOs of operating companies on the New York Stock Exchange this year, Martin said.

After high interest rates and recession fears derailed many planned IPOs in 2023, the market has rebounded. Two blockbuster deals, Reddit ...