New York (CNN Business) The IPO market has been a dud for months. Renaissance IPO ETF IPO Lyft, Slack, and Levi Strauss could all debut on the stock market later this month. And there's far more to come this IPO season, says Kathleen Smith, a principal at Renaissance Capital and manager of theSmith told CNN Business' Alison Kosik during the "Markets Now" live show on Wednesday that investors are ready. As the broader stock market is looking bullish, buyers are getting more comfortable with the risk of adding newly listed stocks to their portfolioRenaissance's IPO ETF, which serves as an barometer for investors' IPO appetite, is up about 30% so far in 2019 after suffering a major dip at the end of last year. A parade of so-called unicorns, privately held companies valued at more than $1 billion, are expected to go public this year.
Source: CNN March 06, 2019 20:13 UTC