IPO Rebound Creates $5.8 Billion in Wealth From Nursing to Tech
- Rubrik is latest company to debut after raising $752 million
- Success of Reddit, Galderma IPOs prompted other firms to list
Reddit Inc. signage during the company's IPO on the floor of the New York Stock Exchange on March 21.
Photographer: Michael Nagle/BloombergA re-awakened market for initial public offerings is creating new fortunes across the US.
Founders are taking advantage of strong equity markets to raise cash, accruing at least $5.8 billion in wealth so far this year, according to the Bloomberg Billionaires Index.