4min chapter

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Prof. Jay Ritter: IPOs, SPACs, and the Hot Issue Market of 2020 (EP.139)

The Rational Reminder Podcast

CHAPTER

Ipo Waves Are Related to Technology and the Stock Market

There's definitely a relationship between the e underlying technology and the stock market. What we find, not just in the ipo market, but there's a danger of investors chasing past returns. On average, hot markets have been followed by lower returns. But as with all things, calling the turning point is always difficult to call.

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