PYMNTS.com January 26, 2025
The past few weeks have seen hopeful reports about an IPO resurgence.
But as Reuters reported Friday (Jan. 24), some Wall Street analysts are urging caution following a lukewarm reaction to Venture Global’s valuation target for its initial public offering (IPO).
That company had hoped for a $110 billion price tag but settled for a 45% downgrade when it finally sold shares last week.
“Even with the improved market sentiment we’ve seen, investors are going to continue scrutinizing deals carefully,” said IPOX CEO Josef Schuster. “They aren’t broadly willing to pay overvalued companies when there are readily available market comparisons.”
The Reuters report noted that the pushback against Venture Global’s initial target was something of a surprise, considering a rising...
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