IPOs essentially involve private companies becoming publicly traded ones. That is, company shares are sold to the public. So far this year, there have been 95 new listings, according to Renaissance Capital. Last year saw 218 IPOs, marking the busiest year for new listings since 2014 when there were 274.
At that point, small investors might be paying more than those who got in early. The average first-day return for IPOs last year was 41.6%, according to data from IPO expert Jay Ritter, a finance professor at the University of Florida.Personal finance company SoFi last week announced that it will let its customers in on IPOs in the near future via its plans to be an underwriter for such deals.
SoFi's program will offer traditional IPOs, direct listings and special purpose acquisition companies, or SPACs, a company spokesperson said. SPACs essentially involve giving your money to aYou'd want to be careful that you're not just chasing a story or hype.It's uncertain how many IPOs will be available through SoFi, or how many shares it would get if it is able to get in on underwriting deals.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!