Fear Overtakes Greed in IPO Market After WeWork Debacle

📆 10/6/2019 1:30 PM
📰 WSJ

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This was supposed to be a banner year for IPOs. Then WeWork’s parent company tried to go public.

Shares of newly public companies, earlier this year one of the hottest investments on Wall Street, are now in a slump after investors soured on money-losing startups from Uber Technologies Inc. to WeWork.

Shares of technology startups and other companies that went public in the U.S. this year are trading...

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No, it seems sanity may have returned to the market. Every business dreamed up by millennials should not automatically IPO. Remember these things called fundamentals?

Fear over Greed? Yeah ... um ... no. Common sense prevailed over a shell game of a corporate structure at WeWork.

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Source: BusinessInsider - 🏆 729. / 51 Read more »