Randy Forsyth posted a nice round-up of “high-wire” IPOs in Barron’s on Saturday, quoting some research we published last week:
“Wacky IPOs might be a sign that the long bull market is finally entering its blowoff phase (though these can take some time),” write TLR on the Economy’s Philippa Dunne and Doug Henwood. Though they admit they’re spoilsports, they point out that since 1980, IPOs have underperformed the broad market by over 18 percentage points, according to data from Jay Ritter of the University of Florida.
If you subscribe to Barron’s, read on….
https://www.barrons.com/articles/high-wire-ipos-like-pinterest-and-zoom-could-signal-a-market-top-51555711052
