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.


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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