It isn’t just the white-hot market for initial public offerings. Companies are returning to the public markets to issue shares and raise cash from investors at the same time that existing shareholders are tapping the public market to unload their stockholdings at a record clip.
There have been 556 follow-on offerings, or stock sales by companies or existing shareholders, among U.S. companies this year, the most since 1996, according to Dealogic data. They have raised a total of $133 billion.
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If you haven’t heard, the $BETU public sale is still ongoing!
A strong sign the company believes the stock is overvalued
Should be a buyers market soon.
Selling the top, expect the dip.