• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Finance

The IPO downturn is in the 7th inning and a real pickup could arrive soon, Sixth Street CEO says

by
September 4, 2023
in Finance
0
The IPO downturn is in the 7th inning and a real pickup could arrive soon, Sixth Street CEO says
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Traders on the floor of the NYSE, August 29, 2023.

Source: NYSE

The drought in the IPO market could be near an end, according to a big investor overseeing more than $70 billion.

Alan Waxman, the CEO and co-founder of Sixth Street, believes we’re in about the seventh inning of the downturn in the IPO market as he sees a “real pickup” in the pipeline. His firm has exploded in growth, invested in everything from direct lending to growth companies to real estate to insurance to sports.

“I think people are starting to look for capital and pick on their heads up and obviously having the IPO market open a little bit of a small crack that obviously helps sort of gets commerce moving again,” Waxman said in his first-ever TV interview with CNBC’s Leslie Picker.

Sixth Street has invested in Spotify, Airbnb and Stripe through its growth strategy. Waxman believes that the market will come back to life in the fourth quarter and into the first quarter, adding that volumes will be “materially higher” in 2024 than they were in 2023.

The IPO market experienced a big lull over the past year as an aggressive Federal Reserve and recession fears diminished appetite. If interest rates stabilize and the stock market maintains its 2023 gains, investors might be open to new issuance again. Many believe the highly anticipated IPO of Softbank-backed Arm next month could be a test for sentiment.

Candidates for debuting in the fall could include Instacart, shoe maker Birkenstock, marketing automation firm Klaviyo, carsharing firm Turo and Waystar, which provides software for healthcare billing.

Tags: 7thAirbnb IncarriveBreaking News: BusinessBreaking News: InvestingBreaking News: Marketsbusiness newsCEOdownturninningInvestment strategyIPOMarketsPickupRealsixthSpotify Technology SAStock marketsStreetTPG Specialty Lending IncWall Street
Previous Post

Godrej Consumer shares decline 0.1% as Sensex climbs

Next Post

For small tourism businesses, extreme weather is the new pandemic

Next Post
For small tourism businesses, extreme weather is the new pandemic

For small tourism businesses, extreme weather is the new pandemic

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
NTPC Q4 Results: Cons PAT jumps 22% YoY to Rs 7,897 crore; Rs 3.35 per share dividend announced

NTPC Q4 Results: Cons PAT jumps 22% YoY to Rs 7,897 crore; Rs 3.35 per share dividend announced

May 24, 2025
United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

May 24, 2025
Road trips rev up as summer travelers hunt for cheaper vacations

Road trips rev up as summer travelers hunt for cheaper vacations

May 24, 2025
Video: We Tracked Police Killings 5 Years After George Floyd

Video: We Tracked Police Killings 5 Years After George Floyd

May 24, 2025

Recent News

NTPC Q4 Results: Cons PAT jumps 22% YoY to Rs 7,897 crore; Rs 3.35 per share dividend announced

NTPC Q4 Results: Cons PAT jumps 22% YoY to Rs 7,897 crore; Rs 3.35 per share dividend announced

May 24, 2025
United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

May 24, 2025
Road trips rev up as summer travelers hunt for cheaper vacations

Road trips rev up as summer travelers hunt for cheaper vacations

May 24, 2025
Video: We Tracked Police Killings 5 Years After George Floyd

Video: We Tracked Police Killings 5 Years After George Floyd

May 24, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

NTPC Q4 Results: Cons PAT jumps 22% YoY to Rs 7,897 crore; Rs 3.35 per share dividend announced

NTPC Q4 Results: Cons PAT jumps 22% YoY to Rs 7,897 crore; Rs 3.35 per share dividend announced

May 24, 2025
United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

May 24, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.