Here's Where IPOs Are Still Crushing the Market by 40%
October 17, 2019 at 05:00 AM EDT
Forbes... "Why WeWork Won't Work - Hello, Neumann!" Bloomberg... "Endeavor Makes Last-Minute Call to Yank IPO as Conditions Sour." The mainstream financial media is clearly having a bearish moment when it comes to initial public offerings (IPOs). In story after feature story, you're bombarded with the idea that anyone who's excited about a big-name IPO is just setting themselves up for disappointment. On paper, that narrative makes sense. WeWork's attempt at a $47 billion debut was farcical; its valuation plummeted to $14 billion before the offering was abandoned... and the CEO fell on his sword. Then there's Peloton. Shares dropped 11.2% in its first day of trading on Sept. 26 - a decline that, according to The Wall Street Journal , directly influenced the decision of Endeavor Group talent firm to put off its own IPO. Insiders were obviously terrified of "poor market conditions." But these were simply two badIPOs, two expensive failures that had Wall Street wringing its hands. The truth is tech and life sciences firms are still IPO leaders; that segment of the market is actually doing much better than stocks overall. And if you snatch up the shares I'm about to recommend, you'll be ahead, too... Full Story And if you snatch up the shares I'm about to recommend, you'll be ahead, too... Full Story Tags: IPOs To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here's Where IPOs Are Still Crushing the Market by 40% appeared first on Money Morning - We Make Investing Profitable .