FYI: his year’s initial public offerings of Lyft, Uber and Pinterest were met with much fanfare. And while the first six months of 2019 has been banner for new issues, the performance results have been a mixed bag.
Since debuting, Lyft lost 14 percent, Uber was a smidge in the red and Pinterest was up 36 percent as of Thursday’s trading versus their respective IPO prices. This is a far cry from the go-go years when IPOs would skyrocket 50 percent or more within a few days of being hatched. What happened?
Regards,
Ted
https://www.fa-mag.com/news/has-the-ipo-market-lost-its-sizzle-45327.html?print
