Corrie Driebusch
Appearances
WSJ What’s News
U.S. Stocks Fall Sharply as Consumer Sentiment Sours in March
a lot went wrong. It just ends up being a question of timing when it comes to IPOs. And often it's as simple as that. When you think about when a company started looking at an IPO, it's usually at least a year before they actually list their shares. A year ago, anyone with AI in their name, the stock was going up, up, up. And that sentiment has cooled a lot over these past 12 months.
WSJ What’s News
U.S. Stocks Fall Sharply as Consumer Sentiment Sours in March
Yes. And I know I started out by saying that just poor timing, but there are company-specific issues. And investors said, no, we don't really want to pay that much. And they also had concerns about the sustainability of the AI boom. And obviously, companies right now are spending hundreds of billions of dollars on AI. But how sustainable is that?
WSJ What’s News
U.S. Stocks Fall Sharply as Consumer Sentiment Sours in March
Obviously, every IPO is a little different. But in general, bankers had really hoped that 2025 is going to be this return to normal for the IPO market. Instead, we've seen quite a few IPOs not do as well. And it's not all IPOs, but these are the bigger ones that have struggled. You think gas export or venture global in January. Obviously,
WSJ What’s News
U.S. Stocks Fall Sharply as Consumer Sentiment Sours in March
Another big IPO of the year was cybersecurity firm CellPoint. And that has also struggled since its IPO for its shares. And now there is CoreWeave. So it's not that all IPOs are doing poorly. But when you see a few of the three biggest in the U.S. not do so hot, it does cause some companies and their backers to maybe think, say, let's pause.
WSJ What’s News
U.S. Stocks Fall Sharply as Consumer Sentiment Sours in March
Other companies are still in the pipeline, still waiting to go, but we're going to have to wait and see how that goes.