Money in the Market: Why are the recent IPOs seeing declines?

After two relatively quiet years, the IPO market is seeing a burst of activity. Sandal company Birkenstock is the latest shoe to drop, but in a tough IPO market. Several companies including Arm, Instacart, and even Klaviyo, which looked like it was going to be the shining star out of this year’s debutants, have seen their share prices slump after their listing.  What’s happening in the IPO market? Why are we seeing a slump? Can the IPO still rebound despite these recent declines?  On Money in the Market, Hongbin Jeong speaks to Abhishek Vishnoi, Senior Asia Equities Reporter at Bloomberg, to find out more. See omnystudio.com/listener for privacy information.