Tuesday, April 27, 2021

Nearly 50% of new listings fall below issue price; wait for earnings, say experts

Nearly 50% of new listings fall below issue price; wait for earnings, say experts The bull market helped many IPOs command high valuations but experts say that these companies would need to post strong earnings to meet investor expectations.

from Moneycontrol Market Outlook https://ift.tt/3gHyuGs

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...