2019-03-28 16:17:33, , Hive
Content Categorization
/Business & Industrial
/News/Business News
Word Count:
464
Words/Sentence:
22
Reading Time:
3.09 min
Reading Quality:
Adept
Readability:
13th to 15th
ETF investors who want exposure to these newly listed companies can invest in Renaissance IPO ETF (IPO).
The U.S. IPO market was closed during the recent government shutdown, but bankers are still confident that 2019 will be a strong year for deals.
That's according to a new survey by BDO USA, which found 71% of capital market executives at leading investment banks believe IPO activity will increase, or at least be flat, with 2018, the best year for deals since 2014.
The survey was conducted in December when markets were already experiencing a correction, but bankers remained optimistic despite more than half of them expecting further corrections in 2019.
Source
Lyft looks set to debut on Nasdaq on Mar 29 under the symbol "LYFT."
The Renaissance IPO ETF usually incorporates new issues within 90 days of listing and kicks out older ones after two years of public trading.
Keywords
investing
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