Many companies that came public during this time have seen their stocks take similar hits to companies that have no revenue or have extremely cyclical demand. Some of these companies are profitable, and should be sustainably profitable, yet they've still seen massive hits to their stock prices. It's just that we're not willing to give these high groth names the same valuation multiple that we were a little while ago,. unfortunately, the stock has been punished for that.
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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