Shares of companies that recently came public, including Slack, Fiverr, Chewy, Peloton and Uber, rose despite an overall down day for the markets.
The two investment firms and an office that invests on behalf of a family or families took a total of 14.4% of StepStone, Bloomberg reports.
There is also reason to see longer-term equity strength in valuations.
No one ever thought when we created a stock market that there would only be buyers of stocks in an index.
The action under the surface in individual stocks has been covered up by the indices, which have held up; not anymore.
Are things that bad? I remain a non-believer in the recession thesis.
The withdrawal of the IPO push by We Co. -- for now -- is going to make it tougher for all the billion-dollar Silicon Valley startups whose dream has been to reinvent commerce by creating a new supply of everything from hotel rooms to cars to clothing.
On this weeks Roundup our panelists discuss the effect of the impeachment inquiry on the markets, healthcare stocks, some crazy tech valuations and review Nike and Micron earnings.
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