New York (CNN Business) With the presidential election looming and uncertainty growing about what will happen to the stock market and economy after that , private companies are racing to make their debuts on Wall Street. The sizzling initial public offerings of cloud companies Snowflake and JFrog this week, as well as Friday's debut of gaming tools developer Unity Software , illustrate the strong demand for new stocks. More companies are choosing to list on Wall Street through mergers with so-called blank check special purpose acquisition companies. "With a SPAC, a private company can go one-to-one to another company looking to take it public," Ratner said. Still, some worry that the big pops for newly public companies are reminiscent of the dot-com bubble of 20 years ago.

Source: CNN September 20, 2020 15:00 UTC