
Bloomberg | US IPO shares doubling on their first day at fastest pace since 2021
Stocks of newly-public companies are surging in their first sessions at the fastest pace in three and a half years, enthralling traders and heating up the market for US first-time share sales. These spectacles may be thrilling to watch, but history shows extreme day-one pops rarely reward investors in the long run. Jay Ritter comments in this story from Bloomberg.