News and updates from IPOX®, including media mentions, interviews, research and press releases.
IPOX® Schuster's CEO, Josef Schuster, was recently interviewed by Bloomberg for his expert opinion on the current IPO market. The discussion focused on the upcoming earnings results of Kenvue Inc., a recent entrant to the public market, and their potential impact on investor sentiment.
Bloomberg features IPOX® CEO Josef Schuster in today’s article highlighting the triumphant debut of Cava Group Inc. on the New York Stock Exchange. The fast-casual Mediterranean restaurant chain made an impressive entrance, with shares soaring over double their initial price, after raising an unexpected $318 million in their initial public offering (IPO).
Looking at the underlying holdings of the First Trust US Equity Opportunities ETF (Symbol: FPX), analysts found that the implied analyst target price for the ETF based upon its underlying holdings is $110.22 per unit, a 24% upside over the next 12 months.
… For the First Trust US Equity Opportunities ETF (Symbol: FPX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $111.25 per unit. With FPX trading at a recent price near $92.10 per unit, that means that analysts see 20.79% upside for this ETF
Josef Schuster, says that the IPO market has suffered along with the rest of the stock market, but it is poised for a rebound because companies must size up the cost of delaying an offering during a market slowdown versus the heightened costs of borrowing money to fund continuing operations. He says the current IPO market reminds him of conditions from roughly 20 years ago after the bursting of the Internet bubble.
The last couple months have been rough for both public and private tech companies. More than 28,000 employees of U.S.-based tech companies have been laid off so far this year, with layoffs accelerating in June, the end of the second quarter. And while late-stage startups have been hit the hardest by layoffs, according to a Crunchbase News analysis , it seems like public tech companies are starting to ramp up layoffs as well.
Article about the First Trust US Equity Opportunities ETF (FPX US) on the Swedish website ETF Marknaden (Swedish)
At the end of last year–a record year for the IPO market–Crunchbase News published our top predictions for companies that could go public in 2022. Spoiler alert: We were wrong. With the IPO market in general on pause this year, not one of the 30 companies on our list have gone public so far in 2022.
The U.S. initial public offering market is staring down another slow week with just one small deal on tap, capping a period of little-to-zero activity as investors eye volatile secondary markets amid high inflation, supply-chain snags and a war in Europe.