Investors Show a Taste for US Foods

The transcript discusses U.S. Foods' decision to go public after a blocked merger with Cisco due to antitrust issues. It highlights a busy IPO week with U.S. Foods and other companies going public, including Twilio, a tech company. The performance of recent IPOs like Red Rock Resorts, Bats, and Acacia is analyzed, showing mixed results. The market outlook is discussed, with expectations for future IPOs and insights from New York Stock Exchange President Tom Farley.

What was the main reason the merger between U.S. Foods and Cisco was blocked?

• Financial instability

• Antitrust issues

• Lack of investor interest

• Technological incompatibility

Which company is mentioned as a venture-backed tech company that filed for an IPO?

• Acacia

• Bats

• Twilio

• Red Rock Resorts

What percentage of companies that went public in the US this year were private equity-backed?

• 44%

• 30%

• 60%

• 50%

Which company had a positive performance after its IPO, according to the transcript?

• GMs

• Co tivity

• Red Rock Resorts

• Acacia

What is the significance of June according to the New York Stock Exchange President?

• It will be a key month to gauge the year's IPO activity

• It is expected to have the highest number of IPOs

• It is when U.S. Foods will release its earnings report

• It marks the end of the fiscal year