IP-O-verload
Initial Public Offerings (IPOs) have been sizzling as of late. This strong demand for new stocks is illuminated with the debut of cloud companies such as Snowflake and JFrog. Experts say the Federal Reserve’s decision to hold interest rates at zero for the foreseeable future has ignited the demand for IPOs while accelerating the overall stock market and, in particular, high growth techs. Troy Hooper, head of IPO content at Mergermarket, stated, “IPOs are doing well and I guess that’s what happens when you have the Fed pumping money into the financial system. The money has to go somewhere.”
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