Per tech analyst Tiernan Ray, only five companies went public via IPO in the second quarter — compared to 29 in the same quarter of 2021. The five companies that went public are down an average of 63%. The quality of the companies is questionable — they’re all micro-cap companies you’ve never heard of… Lytus…
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2021 was a big flop for blockbuster IPOs
Compared to previous years, 2021 was a terrible year for blockbuster IPOs. According to Financial Times, half of this year’s big IPOs — companies that raised over $1B upon going public — are now trading below their listing price. The number of IPO flops this year was far higher than past years. After 12 months…
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IPO market heats up again but here’s why they might not make great investment
With the IPO markets running hot again, it’s a good idea to remind investors why buying into newly public companies is not always such a great idea. Yesterday, two of the hottest IPOs came to the market, delivering big gains: Toast (NYSE:TOST), the restaurant technology provider, is up 56% — now valued at $31B. Freshworks…
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