Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The first big test of the 2024 IPO market takes place tomorrow. KKR-owned BrightSpring Health Services Inc. is attempting to raise approximately $1.4 billion in an initial public offering and a sale of convertible securities. This offering will serve as an assessment of the health of the new issue market. Unfortunately, it appears as if there may be a problem with the market or the transaction.
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