FYI: The late 1990s were known for their excesses. Stock prices traded at frothy levels that didn’t reflect reality, as investors tossed billions of dollars at anything with “dot-com” in its name.
The threshold for initial public offerings (IPOs)—shares issued into the public market for the first time—was ridiculously low, and countless companies took advantage, raising huge sums of money for questionable business models. Remember Pets.com?
The high-water mark for IPOs was set in 2000, when companies raised $97 billion, according to Renaissance Capital. No year since has come even close to matching 2000 for IPOs (2014 was the closest, at $85 billion), until now.
Regards,
Ted
https://www.etf.com/sections/features-and-news/2-etfs-riding-record-year-ipos?nopaging=1
