A lot of companies saw that valuations were very high, and it was a cash grab for a lot of them to come public. In 20 22, with valuations collapsing, it's no surprise to see that companies that could be coming public say, i want no part of that. Some investors have bought some of these new public entrances over the last couple of years are feeling a little disappointed. The renaissance capital i po index is down forty five % year to date, versus about 20 % declines for the s and p 500. But you could easily look at the freshman and sophomore class of public companies and see much bigger declines from hies,. or even from issuance price, 50, 60
Editor's note: This episode was recorded before news of the Coinbase's insider trading case was made public on Friday.
2021 was a milestone year for companies going public. In 2022, the tide turned. Dylan Lewis and Brian Feroldi look back on the IPO boom and discuss: - Reasons why companies go public - Newly-public companies that may never come back to IPO levels - Questions for investors to ask even when financials look strong - The trends that hit Robinhood and Rocket Mortgage - Lessons from pre-revenue companies that went public
Stocks mentioned: COIN, HOOD, RKT, NKLA, SPCE, JOBY, RIVN, LCID, SEMR, INTU
Host: Dylan Lewis Guest: Brian Feroldi Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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