Ariel's John Rogers likes this stock as a way to ride the hot IPO trend

A Wall Street sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, November 24, 2020.
Brendan McDermid | Reuters

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The IPO market appears to be staying hot after a strong finish to 2020. For investors looking to capitalize on the strength, Ariel Investments' John Rogers recommended Lazard as a stock pick.

"Lazard is probably our favorite right now," Rogers, who serves as co-CEO and chief investment officer of Ariel, said on CNBC's "Closing Bell." "With all the deals that are happening — every day we talk about one deal after another, one IPO after another — Lazard will be a company that will truly benefit from that."

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