Investors have shown rabid enthusiasm for new stocks this September. That’s forced some strategists to wonder: Is this a repeat of the frenzy that led up to the dot-com crash at the turn of the millennium?
What’s happening: Globally, it’s been a blockbuster month for initial public offerings, with deals worth $38.2 billion listing on exchanges, according to Dealogic. That’s the biggest September by value on record.
Mike Novogratz, founder and CEO of Galaxy Digital Holdings, said there’s