Stock Market News: Dow Gains 300 Points on Infrastructure Deal, S&P 500 and Nasdaq Close at New Records
Earlier this week, the downsized IPO of software company Sprinklr Inc. caused some hand wringing about whether the unseasonably strong IPO market could be in trouble.
Then, two tech IPOs priced above expectations Wednesday and blew through their IPO prices in trading Thursday.
Shares of health-tech company Doximity Inc. soared more than 80% in recent trading after pricing above expectations late Wednesday. Meanwhile, data analytics company Confluent Inc. shares were up more than 20% after they, too, priced above their expected range.
Not all stock-market debuts were strong Thursday. Health-insurance company Bright Health Group Inc. sold fewer shares than planned at a lower price than expected. Its stock declined 7% in recent trading.
It’s been a busy week for IPOs, and even more companies are set to price shares after the market closes Thursday. The last two weeks 18 and 20…