7 Red-Hot Recent IPOs to Ditch Now
By Editor - Sat Oct 17, 8:45 pm
Over the last few weeks, several initial public offerings have helped prove that the equity markets are back on track. Recent IPOs like Snowflake (NYSE:SNOW) and JFrog (NASDAQ:FROG) have seen enormous first-day pops from their opening price. Investors are looking for growth, and most recent IPOs have been younger, early stage companies. It is not just the IPO market, either. So-called special purpose acquisition companies (SPACs) have brought dozens of companies public, many in growth industries like electric vehicles and online gambling. But the big gains for newly public companies, whether IPOs or SPACs, raise the same questions. At what point does valuation trump even impressive growth? And can a single industry really birth so many expected winners?InvestorPlace – Stock Market News, Stock Advice & Trading Tips For these seven recent IPOs, those questions seem paramount.