New York Uber and Lyft disappointed investors since they went public. But make no mistake: The market for initial public offerings is still red hot.
Some think it might be too hot.Cybersecurity company CrowdStrike soared more than 70% in its debut Wednesday. And gig economy freelancer marketplace Fiverr rose about 45% from its offering price Thursday.That follows the phenomenal successes of plant-based protein company Beyond Meat , video conferencing firm Zoom and online fashion retailer Revolve Group , which is actually profitable. Still to come, online pet supplies retailer Chewy is set to start trading Friday.
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