2 Hot IPOs That Are Heating Up in 2023
You don't hear a lot of investors talking about initial public offerings (IPOs) these days. Last year was rough for investors, and it was even harder for a potential Wall Street debutante to get a deal to go through. Less than a quarter of the IPOs that have managed to hit the market over the past year are trading above their initial prices.
Let's take a look at a pair of winning IPO stocks. Atour Lifestyle Holdings (NASDAQ: ATAT) and Mobileye Global (NASDAQ: MBLY) are some of the recent stock offerings that are not broken IPOs. Let's see why these two investments are standing out.
Timing is everything when it comes to IPOs. Nobody wanted a piece of Atour Lifestyle Holdings when it went public in early November. It only found buyers at the low end of its initial pricing range between $11 and $13, and it continued to be available in the pre-teens until the final trading day of that month.
Source Fool.com
