Finance Articles: page 1

Coinbase seals its rank as the 7th biggest new U.S. listing of all time

Cordell Eminent Scholar Jay Ritter provides a ranking of companies that boasted the biggest market caps at the close of their first day of trading in this story from Fortune. 

What is a direct listing? How the Coinbase public offering differs from a traditional IPO

“The direct listing is more democratic,” said University of Florida Professor Jay Ritter, an expert on the process of companies going public. “Individuals aren’t being shut out of the opportunity to buy at the lower offer price.” Read more of Ritter’s insights in this story from MarketWatch. 

SPACs draw SEC scrutiny as celebrities and sponsors worry staff

“There are valid concerns: Has the SPAC market gotten overheated and are investors going to get burned?” explained Jay Ritter, Cordell Eminent Scholar.  See more of Ritter’s thoughts in this story from Sportico. 

Fervor Eases as Record SPAC Deal Gets Ho-Hum Response

Research insights from Cordell Eminent Scholar Jay Ritter inform this story about Southeast Asia’s answer to Uber being set to nab the record for biggest deal in the SPAC world, yet traders are holding their applause. Read more in this story from Bloomberg. 

SEC Seeks to Curb Lofty SPAC Projections

Research from Cordell Eminent Scholar Jay Ritter informs this story from the Wall Street Journal regarding the statement by the regulator’s acting director that addresses the frenzy over blank-check company deals, like the 15 companies with no revenue that have listed publicly this year or have said they hope to in coming months, all at valuations of above $1 billion. 

Do-Nothing SPACs Sag, Offering Investors a $1.1 Billion Return

Cordell Eminent Scholar Jay Ritter shares why the oversupply of SPACs is a benefit to investors. Read more from Ritter in this story from Bloomberg. 

IPO market cools as sentiment moves from ‘wildly overoptimistic to optimistic’

The average first-day stock pop for a March IPO was smaller than comparable debut-session rises in recent months — but still above historical norms. Read Cordell Eminent Scholar Jay Ritter’s take on the IPO market’s latest in this story from MarketWatch. 

A Traditional Wall Street Advantage Is Suddenly Being Threatened

Cordell Eminent Scholar Jay Ritter shares more about why it has been close to impossible for regular people to buy shares at IPO pricing, but now, that is changing. Read more of Ritter’s insights in this story from Bloomberg. 

Individual investors should tread carefully in hot but risky IPO market, experts caution

Cordell Eminent Scholar Jay Ritter discusses the hot 2021 IPO market and why, generally speaking, IPOs are considered a riskier investment. Read all of what Ritter had to say in this story from CNBC. 

SPAC Excitement Fades as Historic Quarter Ends

Data from Cordell Eminent Scholar Jay Ritter informs this story on the current commonality for SPACs to dip below their debut price and gyrate around that level.  Read more in this story from the Wall Street Journal.