Nikkei Japan: Rakuten Global IPO Fund Portfolio Manager and IPOX® CEO Josef Schuster on Recent U.S. IPOs
Click to Enlarge
IPOX® CEO Josef Schuster, portfolio manager and subadvisor to the Rakuten Global IPO Stock Fund, was featured in Japan’s Nikkei Newspaper (日本経済新聞), talking about Reddit’s impressive post-IPO growth, spotlighting the platform’s success across both the US and European markets. In Nikkei, Schuster praised Reddit for establishing a strong foothold since its March IPO, noting a 77% increase from its opening price and significant growth potential. His remarks underscore IPOX's focus on identifying high-potential companies in the evolving global IPO landscape.
The article further emphasizes how AI-focused companies are thriving within IPO markets, with firms such as Astera Labs and Waystar Holdings achieving substantial gains. Astera Labs, benefiting from heightened demand for AI chips, saw increased analyst projections, while Waystar Holdings has excelled in healthcare software applications. Strong IPO activity has led to doubled fundraising year-over-year, driven by investor optimism for emerging technologies and the broader US economy's resilience.
Schuster's insights highlight how the patented IPOX® Technology plays a role in guiding the Rakuten Global IPO Fund with an active selection strategy that aims to benefit from promising companies worldwide.
