News Formal

Uber's historic loss, Lyft's abysmal month, Pinterest's earnings disaster: Why the white-hot IPO market is full of duds

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

At the heart of the poor showings are companies' unclear paths to profitability and an uncertain economic backdrop.

The disappointing performances in some cases can be attributed to the very quality of companies hitting the market, due to their unclear paths toand an uncertain macroeconomic backdrop, analysts and investment advisors told Markets Insider.

"We are seeing the end of a cycle," Tom Forte, a senior research analyst at D.A. Davidson, told Markets Insider on Friday."At the end of a cycle, companies that want to go public during the cycle rush to go public. And, selectively, we are seeing that there are some investors out there who are willing to stomach today's losses for tomorrow's gains."of trading reflected the second-worst for a large US-listed IPO on record with a 20.5% decline, per Dealogic.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Any room on Twitter for business news and financial markets discussion?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Disney, Teva Pharmaceuticals, Uber, Pinterest & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »