Hunter Biden, Eli Lilly, CAVA, and Geopolitics (Podcast)
Bloomberg Intelligence
00:00
The Benefits of the Mediterranean Diet for the IPO Market
Brianne Gorod: I think the IPO market was really seeing the benefits of the Mediterranean diet. As you've said, that a Kava IPO traded up 92% on its first day and holding on to that IPO pop. So public market investors are looking for companies generating significant revenue. The deals we've seen, Kenvue, Kava have been wildly successful. There's got to be a backlog that is incredibly huge now for most of these underwriters,. Over 1,200 unicorn companies. Many that are sitting on the sidelines and we're waiting for the market to turn around.
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