The poor performance of Uber and Lyft was just a speed bump. The race to get a piece of tech IPOs is still on.
The IPO market faced its first major test since the disappointing debuts of Uber Technologies Inc. and Lyft Inc. and passed with flying colors.
Investors eagerly snapped up shares of three companies that went public last week—cybersecurity firm CrowdStrike Holdings Inc., online pet-supply retailer Chewy Inc. and freelance-services marketplace Fiverr International Ltd.—and pushed them all up 50% or more.
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