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Tech IPO drought reaches 18 months regardless of Nasdaq first half rally

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Karl-Josef Hildenbrand | AFP | Getty Photos Automobile-sharing service Turo filed its IPO prospectus in January 2022. A month earlier, Reddit stated it submitted a draft registration for a public providing. Instacart’s confidential paperwork was filed in Could of final 12 months. None of them have hit the market but. Regardless of a bloated pipeline … Read more

Tech shares shut out first six-week rally since January 2020

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Tech shares on show on the Nasdaq. Peter Kramer | CNBC Tech shares nonetheless have not absolutely rebounded from a depressing 2022, however they’re rewarding traders who noticed the sell-off as too excessive. The Nasdaq Composite gained 2% this week, wrapping up the sixth-straight weekly rally for the tech-heavy index. It is the longest stretch … Read more