Hedge Funds Sidestep IPO Disasters

Many recent new issues have plummeted from their offering prices, but hedge funds have been able to avoid these companies for the most part.

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Illustration by II

Investors and investment bankers are starting to get a little giddy about a possible IPO market revival.

Part of the euphoria is due to the recent long-anticipated public debuts of Instacart, Arm Holdings, and Klaviyo, after their shares jumped 12 percent, 25 percent, and 9.2

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