Yahoo Finance: "What the IPO market is telling us about the stock market"

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Yahoo Finance: "What the IPO market is telling us about the stock market"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

…. “Lyft is set to debut on the Nasdaq Friday and has been raising its price range for the offering, a sign of healthy demand.

“In the near-term, the Lyft deal and [upward] revisions to the price range is supportive of stocks,” said Nick Colas, co-founder of DataTrek Research. “It means there is still interest in equities and buying brand new companies that don’t make money — that’s good.”

You can read the full article here on Yahoo Finance!