Demand for growth stocks stays strong despite Nasdaq fall

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By Aidan Gregory
25 Feb 2021

A sell-off on Wall Street this week has left many wondering how far the equity rally can go before rising inflation spoils the party for innovative companies. But a big pipeline of tech IPOs is still set to emerge.

The Nasdaq fell 4.7% in three days this week, before slightly recovering on Wednesday. There were also sharp downward moves in many of Europe’s most beloved tech stocks, such as Dutch payments company Adyen, German software firm TeamViewer and Just Eat Takeaway.com, the Anglo-Dutch food delivery app.

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