The U.S. IPO market has been relatively sluggish this year with 149 IPOs. At the same time, disappointing stories outnumbered businesses that created value. However, amidst the depression are several ideas that are poised for multibagger returns in the next few years.
This column discusses three attractive IPOs during 2023 that are likely to create value backed by fundamentals. Although I have not screened any specific sector, I have used the bottom-up approach to examine noteworthy companies.
Let’s discuss the reasons to be bullish on these stocks with multibagger potential.
This post originally appeared at InvestorPlace.