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business
Tech IPOs Surge as Nasdaq Hits Record High Amid Market Optimism
Summary
The Nasdaq Composite index reached a record high of 15,200 points today, fueled by a wave of technology IPOs hitting the market. Notably, AI startup SynapseTech debuted with a $3 b
The Nasdaq Composite index reached a record high of 15,200 points today, fueled by a wave of technology IPOs hitting the market. Notably, AI startup SynapseTech debuted with a $3 billion valuation, raising $500 million in fresh capital. Analysts at Reuters attribute the surge to strong investor confidence in AI and green tech sectors. Overall IPO activity increased by 35% in the first quarter of 2026 compared to last year, signaling robust market conditions. Experts caution, however, that valuations remain volatile amid global economic uncertainties.
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