Jay Ritter Articles

When your lookalike funds don’t act alike

Reading Time: < 1 minute “What an asset is worth depends on who owns it—and how. If you own publicly traded real-estate investment trusts, your REITs are worth an average of 21% less than they were at the end of 2019. If, however, you hold the TIAA Real Estate Account, a $25.2 billion variable annuity invested mostly in private assets, your stake is down only 1.1% for the year. These differences highlight the gap between how public and private markets work,” writes Jason Zweig of

Sen. John Kennedy (R., La.), who co-wrote the legislation, said the goal ‘is for China to play by the rules’ and that the rule change would aid U.S. investors. PHOTO: STEFANI REYNOLDS/BLOOMBERG NEWS

Chinese companies could be forced to give up U.S. listings under Senate bill

Reading Time: < 1 minute Data collected by Cordell Eminent Scholar Chair Jay Ritter informs this story about Chinese companies potentially being forced to give up their listing on American stock exchanges due to new Senate-approved legislation.  Read more from The Wall Street Journal. 

A red flatbed tow truck with a large black truck being towed.

Online Car Seller Vroom Files Confidentially for IPO

Reading Time: < 1 minute “Online used-car seller Vroom Inc. has filed confidentially for an initial public offering it hopes to stage in June, according to people familiar with its plans, a move that will test the ice-cold tech IPO market,” write Rolfe Winkler and Corrie Driebusch.  Read more about this this IPO might fare with help from Cordell Eminent Scholar Chair Jay Ritter’s research in this story from The Wall Street Journal. 

New York Stock Exchange Building on Wall Street with American Flag draped across the front

Repeat After Me: The Markets Are Not the Economy

Reading Time: < 1 minute “[Markets and the economy] have been intertwined in the American psyche since the 1929 stock crash and the onset of the Great Depression. But stocks are not a reliable gauge of overall economic health,” writes Matt Phillips.  Cordell Eminent Scholar Chair Jay Ritter explains why in this story from The New York Times. 

Hand opening the water tap, money falling from the water tap isolated on white background, financial concept.

A Big, Once-Reliable Source of Investor Cash Is Drying Up

Reading Time: < 1 minute “The swings of the stock market have been painful enough lately. But on top of the price declines that have kept many investors awake at night, another insult is on the way: Stocks will be providing much less income,” writes Jeff Sommer of The New York Times.  Cordell Eminent Scholar Chair Jay Ritter is just one scholar Sommer reached out to as part of this story on the cutting of dividends. 

Virgin Galactic's Carrier Aircraft VMS Eve and VSS Unity Take to the Skies.

Virgin Galactic stock is skyrocketing. It’s just hype.

Reading Time: < 1 minute “Every couple of years, a new stock mania captures the imagination of the investing public. From 3-D printers to the blockchain and pot stocks, many investors fall for stocks with seemingly limitless potential. What’s the latest frenzy infecting stocks? It may be Virgin Galactic Holdings, which could very well be the frothiest stock around right now,” writes Tae Kim of Barron’s.  See if Cordell Eminent Scholar Chair Jay Ritter agrees with the hype in this story from Barron’s. 

Circular sign with airbnb triangle logo mounted on a brick wall outside

Airbnb swings to a loss as costs climb ahead of IPO

Reading Time: < 1 minute “Airbnb Inc. swung to a loss for the first nine months of last year as costs rose sharply, according to people close to the company, raising questions about the valuation and timing of the home-sharing giant’s much-anticipated public-markets debut,” writes The Wall Street Journal.  The loss isn’t too unusual, though, according to Cordell Eminent Scholar Chair Jay Ritter, as he’s found that fewer than one in four technology IPOs in the five years through 2019 were profitable.  See what else

Jay Ritter talks on CNBC

Why this IPO expert says investors are ghosting Casper

Reading Time: < 1 minute CNBC’s “Power Lunch” team discusses the upcoming Casper IPO with Jay Ritter, Cordell Eminent Scholar Chair and IPO expert. See what Ritter had to say about why investors are ghosting Casper. 

Side view of an electric car being charged

Money-losing companies mushroom even as stocks hit new highs

Reading Time: < 1 minute “Tesla Inc. shares have doubled in three months, while General Electric Co. shares are up 44%. The pair are the two most valuable loss-making companies, part of a shockingly high proportion of listed companies that have been losing money—despite, or perhaps because of, the long bull market,” writes the Wall Street Journal.  Cordell Eminent Scholar Chair Jay Ritter shares research showing how about three-quarters of IPOs were made by loss-making companies last year in a story from senior WSJ columnist James

Jay Ritter

Mr. IPO

Reading Time: < 1 minute Having spent his career tracking the emergence of new public companies, Cordell Eminent Scholar Chair Jay Ritter has earned the moniker “Mr. IPO” from industry professionals and journalists alike. Read more about why Ritter decided to start tracking IPOs, why IPOs are important for the economy and what he thinks is the better investment option for small investors instead of IPOs in this story from UF Explore.