Nasdaq CEO reports modest softening in the IPO market
Nasdaq CEO Adena Friedman notes a modest softening in the IPO market as macroeconomic uncertainty and rising costs impact debuts. Despite a robust pipeline, many companies are delaying their public offerings.
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Nasdaq Inc CEO Adena Friedman flagged a modest softening in initial public offerings on Thursday, as macroeconomic turbulence forced companies to slam the brakes on public debuts. Total new listings fell to 167 in the third quarter, down from 205 last year. The slowdown follows a wartime energy shock and rising interest rates in the United States, altering the risk appetite of prospective issuers.
