😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Equity Markets See Rise in Transactions, With Cornerstone Investments in Market Leaders

Published 30/09/2023, 06:24 am
© Reuters.
TKAG
-
HLMA
-
PSGG
-
HBSA3
-

The equity capital markets have experienced an uptick in transactions this year, despite a "soft open" in Initial Public Offerings (IPOs), according to Goldman Sachs (NYSE:GS)' Lizzie Reed. High-profile IPOs including Arm Holdings (NASDAQ:ARM), Klaviyo, and Instacart have collectively raised $6 billion, even though they were met with share price drops.

Barclays (LON:BARC)' Robert Stowe characterized the current state of the market as "rebuilding," while Citigroup’s Suneel Hargunani expects a gradual re-opening of the market. Amid these developments, there have been successful debuts from companies such as Schott Pharma, ThyssenKrupp Nucera, and Hidrolectrica.

Cornerstone investments in market leaders have been highlighted by Deutsche Bank (ETR:DBKGn)'s Stephane Gruffat. Notably, Arm has received backing from tech giants Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL), while Schott Pharma has secured support from Qatar Investment Authority.

Thoma Bravo's Ross Devor and Mizuho Americas' Josh Weismer emphasized the importance of profitability in determining valuation and market performance. The role of SoftBank (TYO:9984) as an investor in Arm was also mentioned, underscoring the ongoing interest of major players in these market leaders.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.