Rising rates are bad news for tech IPOs such as Rivian Automotive, Inc. that have only begun to generate revenue and are years from profits. But savvy investors may find opportunities in niche businesses such as specialty consumer products with unique offerings. That’s according to IPO Edge Editor-in-Chief John Jannarone, who spoke to Cheddar TV in an interview Friday. He suggested male-grooming startup Manscaped, which is going public through a merger with Bright Lights Acquisition Corp. along with Grove Collaborative, an earth-friendly maker of household products that’s being acquired by Virgin Group Acquisition Corp. II.
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