The Big Picture
Vincent Boland: Yes the value of stock markets are soaring, yet IPOs are in steep decline
The market shrinkage is mostly a western, mainly European phenomenon, while markets in Asia continue to grow
Something exciting will happen in the next few days. In the Wall Street district of New York there will be a sighting of that rarest of creatures, the initial public offering.
The IPO is for Reddit, the messaging board that has become a sort of online public square – more so than the sinkhole of X – since it was founded 19 years ago. The transaction is a modest affair, likely to raise around $500 ...
