IPO is trading at $50.11, down -3.02% in pre-market as higher oil prices and geopolitical tensions reinforce inflation concerns.
- Treasury yields approached multi-year highs, pressuring rate-sensitive growth and technology holdings.
- Thursday’s 0.4% PPI increase strengthened expectations for tighter Federal Reserve policy ahead of September 11 CPI.
- Broader futures were positive, suggesting IPO’s decline reflects growth-sector sensitivity rather than a broad-market selloff.