WhiteFiber priced its IPO at $17, the high end of its range, and raised the size of its stock sale. But the stock ended the day down more than 4.5%. The healthy debut for Firefly

After several big IPOs including Figma last week, the IPO market stayed hot with Firefly Aerospace, which is now approaching a $10 billion valuation out of the gate. I would categorize space as one of the hot sectors, along with artificial intelligence, crypto, and quantum computing, that investors can't seem to get enough of.

Firefly Aerospace's ( FLY) stock is sputtering, just one day after its trading debut, when enthusiasm for the new listing sent shares soaring. The space company's stock dropped nearly 17% to about $50 Friday, wiping out most of its gains in its first day of trading yesterday.