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.
With higher interest rates, investors seek clear path to profitability
U.S. stock market listings are down sharply from year-earlier levels. © Reuters
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.