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Half of this year’s blockbuster IPOs are underwater, despite broad stock rally

edited November 2021 in Other Investing
Article appears in today’s (November 29) Financial Times.

Link is for an alternate source which may be more accessible.

Title is taken from the FT.

Bylines: Hudson Lockett & Tabby Kinder

Comments

  • One way to read that article is that Goldman Sachs has lost either their pricing or stock selection touch.
  • edited November 2021
    There are 3 ways to go public now - traditional IPO, SPAC/blank-check mergers, direct-listings. Due to this competition, the IPO underwriters may be overpricing IPOs to lure business.
    Or, it could just be a market phase - hot IPOs bring on more IPOs, cold IPOs act as brakes.
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