This Big IPO Turned Out Sweet After All

The bull market in stocks has prompted many companies to ponder initial public offerings. Plenty of those companies have never before had their shares listed on stock exchanges, but as investors were reminded on Thursday, the list of recent IPOs also includes companies that used to be publicly traded but had gone private before deciding to return to exchanges.

One of the more interesting IPOs the market has seen lately happened on Thursday. Despite some fears that the reception for this restaurant giant might not be as warm as its baked goods, in the end, things worked out pretty well. Below, we'll talk more about what happened to this IPO stock and what it means for the future.

The stock market started the second half of 2021 on a positive note. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) were all higher on the day, with the S&P finishing at a new record close.

Source Fool.com