IPOs and the Wealth Gap

Published on April 2, 2024

Commentary Recently, a few companies went public on Wall Street. One, Reddit, has done spectacularly. Former PresientDonald Trump’s social network went public and hasn’t done so well. Astera Labs went public before both and is trading right around its IPO price. Public IPOs in 2024 are down 70 percent from 2021. That’s not because there aren’t great companies worthy of public markets being built. It has to do with other factors. When companies go public, it is a great event for investors and employees of the company. They are able to cash in investments and redeem options granted to them. It’s also a great sign to customers and potential customers because being a public company is a sign of stability....

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