Jay Ritter

Blackstone gets stuck with IPO duds this year including Bumble and Oatly

It has been a record-breaking year for IPOs, but it has also been a mixed bag — and billionaire Stephen Schwarzman’s Blackstone Group is among those investors who are picking through their duds.

“Investors were buying IPOs on a lot of optimistic assumptions,” Cordell Eminent Scholar Jay Ritter told The Post. 

Read more of Ritter’s thoughts on the IPOs from 2021.