Headed into the index was up more than through the previous year far outpacing the nasdaqs advance through the same period. With those gains in the rearview mirror the question remains: whats next? In an environment where volatility is the norm most of our names out of trade still below their initial public offering ipo prices profits and platforms may matter to the street more than ever in the next months.
To be sure there are some high-profile ipos on the horizon jordan cell phone number list which may perk up interest in fintechs and move investors to kick the tires on names that are already publicly traded and have a bit of history behind them. Chime has submitted a confidential filing that opens the door to a public listing this year. Klarna is readying for its own debut too as noted here.
Stripe is reported to be eyeing an ipo too. Klarnas recent reported valuations reveal the volatility inherent in the fintech realm: the recent billion plus valuation of the buy now pay later bnpl provider is well above the nadir of billion seen in but is significantly below the billion of when a raft of fintech ipos including names in our index came to market. Momentum may carry over into momentum may be on the side of fintechs in the current year.
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