The IPO market is on 🔥 and everybody wants a piece of it.
Just look at Snowflake’s debut this week: it was the best for a >$1 billion IPO since 2013.
Are these IPOs worth the hype, though?
@justLBell and I take a look (and serve up some tasty data)
ally.com/do-it-right/tr…
2020 is on pace to be the strongest year for IPO activity since at least 1990 (the beginning of our data).
It's also been an especially good year for the IPO class of 2020.
In 2020, about 73% of all IPOs have climbed on their first day of trading, including *every* IPO larger than $1 billion.
But will the good times last? That's the big question.
OMG, we can’t forget about SPACs!
About half of all IPOs since June have been special purpose acquisition companies (SPACs).
They’re firms that exist solely to buy other companies with the money they’ve raised.
Cool name, mysterious frame 🤔
Anyways, we urge you to do your homework if you're eyeing an IPO.
IPOs aren’t always home runs despite the success they’ve enjoyed this year. It's been more of a coin flip, historically.
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