U.S. IPO market still looking for big rebound after Arm

With higher interest rates, investors seek clear path to profitability

20231006N Nasdaq

U.S. stock market listings are down sharply from year-earlier levels. © Reuters

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- Profitability remains the watchword for investors in the U.S. market for initial public offerings after the big IPOs of September as the Federal Reserve signals that it will keep interest rates higher for longer.

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