Publicly traded startups aren’t what they used to be. Insights from Jay Ritter inform this story from The Economist.
Finance Articles: page 1
Bloomberg | Palihapitiya’s newest SPAC targets hot sectors in AI and crypto
Chamath Palihapitiya’s new special purpose acquisition company, American Exceptionalism Acquisition Corp. A, will look to merge with a company in the energy production, artificial intelligence, decentralized finance or defense industries. The focus on these areas is due to their current
The Crypto Times | Chamath Palihapitiya returns with $250m SPAC targeting AI
The SPAC targets trending sectors as AI, crypto, defense, and DeFi soar, with Nvidia, CoreWeave, Palantir, Circle, and Bullish rising fast. Jay Ritter shares his insights in this story from The Crypto Times.
Owl Explains | The truth about proof-of-work vs. proof-of-stake
In this Owl Explains session, Emerson/Merrill Lynch Professor Fahad Saleh unpacks the insights from “Proof-of-Work versus Proof-of-Stake: A Comparative Economic Analysis,” co-authored by Kose John. The paper argues that, under real-world conditions, Proof-of-Stake (PoS) offers higher security than Proof-of-Work (PoW)—primarily
The Wall Street Journal | After Bullish, Figma and Firefly, here’s a hot IPO tip for you
Sometimes a company’s name says it all: Shares of Bullish jumped 84% after their Wednesday debut on the New York Stock Exchange, even after underwriters raised the offering range for the cryptocurrency marketplace. It’s the latest in a string of hot IPOs
The Wall Street Journal | Startup valuations blast beyond historic IPO market caps
Only a few tech companies have exceeded $100 billion in their U.S. trading debut, a valuation OpenAI and SpaceX have easily surpassed as private companies. Insights from Jay Ritter inform this story. Read more in The Wall Street Journal. [Subscription required.]

Bloomberg | US IPO day-one surges driven by ‘superfan’ scramble, study says
A new study found that US IPOs are far less underpriced than commonly believed, perhaps by as much as 40%. Data from Jay Ritter informs this story. Read more in Bloomberg.
Bloomberg | The AI hiring bonanza is making startups rethink equity payouts
Jay Ritter’s insights inform this story about tech startups that long recruited with a simple offer: Join us for a chance at a huge potential payoff in the event of a takeover or initial public offering. Sure, it’s less cushy
MarketWatch | Bullish’s stock is still rallying, as the IPO market refuses to take a summer break this year
August has traditionally been a quieter time for initial public offerings as bankers head out of the office for summer vacations. But with the stock market and bitcoin climbing to record highs, those bankers are giving up their summer breaks
Bloomberg | Traders embrace risk, leaving private equity’s IPOs in the dust
The shares of private equity-backed companies that have done recent initial public offerings are flailing as investors seek out riskier parts of the market. Jay Ritter, professor emeritus at the University of Florida, said that companies majority owned by buyout