Bloomberg: IPOX® Founder Josef Schuster Comments on Resilient US IPO Market Amid Volatility

A recent Bloomberg ECM Watch article by Anthony Hughes, titled "Wall Street Fear Gauge Can’t Stop US IPO Market Glee", featured IPOX® CEO Josef Schuster, highlighting the surprising resilience of the U.S. IPO market. Despite a volatile bond market and a rise in the volatility gauge index VIX above the traditional safety threshold of 20, technology companies Hinge Health and MNTN successfully priced their IPOs at the top of their marketed ranges. Both companies saw significant gains in their trading debuts, with Hinge Health rising 17% and MNTN jumping 65%. The article notes that all 10 of the most recent IPOs raising over $50 million are currently trading above their offer prices, indicating a newfound strength and investor confidence in the market.

Josef Schuster provided expert commentary on this market robustness. He observed that “The bond market has not been able to derail the equity market and the IPO market here.”

Schuster pointed to the strong performance of recent listings, including the notable comeback of AI data center operator CoreWeave Inc., as a key factor boosting investor confidence. “People have drawn a lot of confidence from the way CoreWeave is trading,” he stated. Schuster further elaborated on the conditions for sustained momentum: “Risk appetite is rising for certain deals and as long as performance is good and the underlying earnings story is good, momentum can keep improving.”

The article suggests this positive performance and restored investor confidence may encourage more companies to pursue listings in the coming weeks, ahead of the expected summer slowdown.

Subscribers to the Bloomberg Terminal can read the whole article here: https://blinks.bloomberg.com/news/stories/SWOLWADWRGG0