New York (CNN Business) The pullback in the stock market is a clear sign that investors are worried about Covid-19's impact on the global economy. Strange as it may seem, several of last year's 159 initial public offering -- highly volatile stocks likeandare up sharply this year. Their strength is also notable considering that demand for new initial public offerings is expected to slow dramatically. Only 35 companies went public in the first quarter of 2020, according to FactSet. Virgin Galactic SPCE Peloton PTON Chewy CHWY Renaissance IPO ETF IPO And many other newcomers from 2019 are doing well too.

Source: CNN May 06, 2020 18:45 UTC