Sports IPOs on losing streak as boiler room heat grows cold

Sports IPOs have flopped in 2023: There have been seven IPOs, including two sports-related SPACs, and the total return from the offering prices is negative 43%. Why are sports IPOs performing poorly? Hint: It’s not because people don’t like sports stocks. 

Cordell Eminent Scholar Jay Ritter shares his insights in this story from Sportico.