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The private credit boom is making its way to the IPO market


Private credit has been a growing theme in recent years, and like many undertones in broader financial markets, it's making its way to the IPO market. When markets dropped in 2022, private companies in need of funding faced a new set of challenges as investors tightened their purse strings. Poor returns, a valuation correction, and market volatility pushed public offerings out more

Fortegra plots the year’s first insurance IPO; here’s how past issuers from the sector have performed


Specialty insurer The Fortegra Group (TFG) plans to raise $297 million this week, in what we expect to be the first in a string of insurance IPOs in 2024. Other possible IPO candidates include Aspen Insurance (AHL), on file since December, and The Woodlands Financial Group, which filed confidentially last month. more

Here's what the top-performing IPOs of 2023 tell us about 2024


Get ready for a bevy of biotech IPOs. The 30 IPOs that raised $100 million or more in 2023 currently average a strong 25% return from offer, thanks to solid first day gains (+14%) that have built in the aftermarket (+9%). Biotechs make up half of the top 10 best-performing sizable IPOs from last year. While a few biotechs are also among 2023’ more

Pessimism over Fed policy and geopolitical tensions topple year's large IPOs; here are the deals that have weathered the recent turmoil


After a strong rally through July, markets have treaded water for the past three months as investors grow pessimistic about the possibility of near-term rate cuts, against a backdrop of political gridlock in the US and a new war abroad. The year's sizable IPOs have slowly declined in the past few months' volatility, and the percentage trading above issue has fallen to its more