We discuss 5G, Quantum Computing, Hydrogen & SPAC ETFs.
The global market for initial public offerings was off to a great start this year and is still running hot. There have been 250 IPOs priced this year, up 190.7% from last year.
The U.S. IPO market set another milestone in the second quarter with 113 IPOs raising $39.9 billion, marking the busiest quarter in over two decades.
Some of the blockbuster IPOs of this year include South Korean e-commerce firm Coupang, cybersecurity firm Darktrace, and cryptocurrency exchange Coinbase Global.
The U.S. IPO raised $171 billion so far this year, surpassing last year's record of $168 billion and breaking the annual 2020 record within less than six months.
The global market for initial public offerings is on its way to see its biggest-ever first quarter.
Tuttle Tactical Management recently filed for an inverse ETF on SPACs.
These ETFs provide diversified exposure to SPACs
Procure Space ETF (UFO) jumped 5.7% on Jan 14 as Cathie Wood's ARK Investment Management filed for a space ETF.
IPO ETF may fell on Dec 9 on broader market concerns, the prospect looks pretty upbeat.