Deals
Reddit, Galderma Fire IPO Starting Gun. Now Investors Want More
- Investors cheer AI plays, well-priced skincare debuts
- ‘Couple of quarters away’ from broad reopening: Stifel’s Rubin
Steve Huffman, co-founder and chief executive officer of Reddit Inc. during the company's initial public offering.
Photographer: Michael Nagle/BloombergInitial public offerings are back. Maybe.
Last week was a potential watershed moment for the long-dormant IPO market, as a pair of technology darlings — Reddit Inc. and Astera Labs Inc. — and Swiss skin-care company Galderma Group AG went public with a rush of investor demand that sent their stock prices soaring. To investors hoping for a revival of equity debuts, this was exactly what they wanted to see.