A stagnant IPO market means there is less investor appetite for shares in private companies, which is a problem for the companies that trade those shares. Cordell Eminent Scholar Jay Ritter shares his insights for this Observer story.
Finance Articles: page 22
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SPACs Are Warning They May Go Bust
Research insights from Cordell Eminent Scholar Jay Ritter and Ph.D. student Minmo Gahng inform this story about the more than two dozen companies that say they may not survive much longer. Read more in this story from the Wall Street
Didi Global languishes in limbo, ordered by Beijing to pull shares off Wall Street and, for now, denied permission to float them in Hong Kong
Cordell Eminent Scholar Jay Ritter, who researches IPOs argues that while Didi is “at the mercy of the Chinese government,” the company’s dominance in China creates an opportunity for Didi to raise prices and attain profitability—provided it can win the
PhD student earns Certificate of Outstanding Achievement
Minmo Gahng was honored with a Certificate of Outstanding Achievement as part of the University of Florida’s International Student Achievement Awards. Gahng is a fourth-year PhD student in finance. “I was very excited when I heard the news about this
Facebook Hasn’t Changed Much (Except for the Name)
On the anniversary of Facebook’s public markets debut, Cordell Eminent Scholar Jay Ritter shares insights for this story looking back at the company’s long and controversial journey. “The first day of trading for FB had a delayed opening because Nasdaq’s
Special Report: How Wall Street banks made a killing on SPAC craze
Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses.
CFA Institute calls for tougher disclosure rules for SPAC sponsors
Cordell Eminent Scholar Jay Ritter shares his insights on the CFA Institute’s recommendation that SPAC sponsors fully disclose any affiliations with investors and target companies. Read more from Ritter in this story from the Financial Times. [Subscription required.]
Goldman Sachs and other big banks hit SPAC pause button as market shifts and new regulations loom
Goldman Sachs Group Inc. said it’s taking a break from handling special-purpose acquisition company (SPAC), or blank check, initial public offerings amid a sharp slowdown in the market in recent months. IPO expert Jay Ritter, Cordell Eminent Scholar at University
Technology jobs and salaries in investment banking after MBA
Cordell Eminent Scholar Jay Ritter shared his insights on the top skills for technology jobs in investment banks. “Investment banks and consulting firms frequently ask about a student’s GPA, because they have found that students with good grades are likely
Ostin Tech Stock Plunged 88% in a Cautionary Tale for IPO Investors
What a difference a day makes. On Thursday, Ostin Technology GroupOST –21.26%, a Chinese supplier of display modules, gave back most of the 892% gain from its first day as a publicly traded company. The IPO market has seen quite
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