Birkenstock

OpenCalais Metadata: Ticker

OpenCalais Metadata: LegalName

BENEXY CORPORATION

Lower rates, surging stock market fail to ignite US IPOs

Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient U.S. economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs.

Experts say the lackluster IPO activity is due to competition from venture capitalists and a rate cut that was slow to come.