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Posting annualized total returns of 26% since its initialpublicoffering in 2009, OTC Markets Group (OTC: OTCM) may be one of the most surprising multibaggers on the publicly traded markets. Let's dive in and see why OTC Markets looks well positioned to continue its multibagging ways in 2024 and beyond.
2024 has gotten off to a sizzling start in the stockmarket. Let's dig into the current status of Snowflake and analyze why this once high-flying stock could continue spiraling downward. 2020, Snowflake brought the heat following its highly anticipated initialpublicoffering (IPO).
It's a great time to have money in the stockmarket. The S&P 500 and Dow Jones Industrial Average have both set new all-time highs this year, and the Nasdaq Composite is up almost 34% over the last 12 months. In short, it's a target-rich environment for stock pickers. Beauty (NYSE: ELF).
This top-tier profitability hints that OTC Markets has built a moat around its operations, filling a void that goes relatively untouched by much bigger peers like Intercontinental Exchange (NewYorkStockExchange) and Nasdaq (Nasdaq StockMarket).
The stockmarket has gotten off to a sizzling start in 2024. Unsurprisingly, some businesses are taking advantage of the ripe market conditions as 2024 has featured a number of high-profile initialpublicofferings (IPO).
The stockmarket remained in an upbeat mood, with further gains led by the Nasdaq Composite (NASDAQINDEX: ^IXIC). Initialpublicoffering (IPO) stocks play a vital role in gauging the sentiment of market participants, and many investors love to see share prices of newly issued stocks soar on their first day of trading.
In 2012, Meta Platforms (then known as Facebook) made a big splash with its initialpublicoffering. Snapchat and Pinterest went public in 2017 and 2019, respectively. Reddit 's (NYSE: RDDT) shares began trading on the NewYorkStockExchange (NYSE) on Wednesday, March 20, 2024.
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