FinTech IPO Tracker Turns in Flat Performance for the Week – PYMNTS.com

Earnings season is largely in the rearview mirror — but not entirely done.

And as a result, this past week saw the FinTech IPO Tracker turn in a relatively flat performance. As did the broader indices. As measured through the past week, for example, the broader S&P Index showed a 60 basis-point gain.

It might not be all that surprising that equities would take a bit of a breather in the wake of all the volatility that has become the norm amid surging inflation and the continuing war in Europe.

The FinTech Index, as we track the equal-weighted performance of more than 44 names changing the face of financial services, showed a relatively sedate gain of a few basis points. The reading remains at just under 78, which is a significant decline from its initial baseline reading of 100 upon creation of the Index (and its inaugural “class” of firms that went public just before the pandemic).

Drill down a bit, and none of the sedate stats above should suggest that there was no company…

Read Full Story: https://www.pymnts.com/news/ipo/2022/fintech-ipo-tracker-turns-in-flat-performance-for-the-week/

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