Wall Street Urges IPO Hopefuls to Trim Valuations in Weak Market
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As turbulent US equity markets cloud the picture for initial public offerings, some on Wall Street are urging companies to temper their valuations for a better chance of pulling off a successful deal.
Stablecoin issuer Circle Internet Group Inc. filed publicly for a listing on Tuesday, joining a hopper of companies including Klarna Group Plc and MNTN Inc. hoping to go public in the coming weeks and months.