The IPO market is getting some renewed interest with AI-stock CoreWeave (CRWV) performing well and the upcoming offering of fintech company Circle (CRCL) later this week. While the AI boom has been raging for over two years now, we have yet to see a big uptick in IPOs similar to what we saw during the Dot Com boom of the late 1990s. Most of that is due to successful private companies now preferring to stay ‘private for longer’, but we’d expect at least an eventual uptick in companies going public if AI is going to have staying power.
We looked at all of the stocks that have gone public in the US over the last couple of years and found 45 that are above $250 million in market cap save a few single-drug biotech offerings. We’ve broken them up into four categories: ones that are in uptrends, ones that are in the process of breaking downtrends, ones that are in sideways trends, and ones that are in downtrends. Our goal with this analysis is to give Bespoke subscribers some ideas to research further to see if any pique their interest.
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