Software Selloff Stalls Deals And IPOs

A broad selloff in software stocks is stalling mergers, acquisitions and IPOs, Reuters reports, as volatility in late 2024 undermines valuation benchmarks and buyer confidence. The S&P 500 software and services index posted its worst three-month performance since May 2002 and remains about 25% below its Oct. 28 peak, prompting deal repricings and postponed listings.