Navan Share price: Navan IPO share price: Why is U.S. Initial Public Offering Market down? Analysts predict which companies may have best shot at success
U.S. IPO market, which had picked up pace in the second half of the year after a years-long lull, has lost momentum at the start of October. U.S. markets regulator furloughed staff and paused the review of filings. The Securities and Exchange Commission later eased restrictions, allowing companies to proceed with listings during the shutdown, prompting firms such as Navan to capitalize on a record run in the equity markets and a renewal in investor risk appetite.
“Initial Public Offering (IPO) market has been a bit wobbly over the past month or so; we’ve definitely lost some momentum since the start of the quarter,” said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs.
“Some of that is…
