Jay Ritter Articles: page 1

Wall Street’s hottest financing tool makes me worry about the market

Shaq, Playboy and Nikola are all on the blank-check bandwagon, part of a boom in SPACs that is unsettling to Wall Street Journal reporter James Mackintosh. Mackintosh spoke with Cordell Eminent Scholar Chair Jay Ritter to get his assessment of SPACs, which offer a simpler and quicker alternative to an IPO for private companies that otherwise face prodigious amounts of paperwork to list. Read more in this story from The Wall Street Journal. 

Were Palantir and Asana’s direct listings better for the unicorns than a traditional IPO?

Palantir and Asana, two tech unicorns, recently joined the public markets. Both companies utilized direct listings, which are seen as a challenge to traditional IPOs. Cordell Eminent Scholar Chair Jay Ritter shares his insights on IPOs and direct listings in this story from Quartz. 

IPOs are Broken

IPOs have become an exceedingly expensive way to raise money, Eric J. Savitz of Barron’s argues. IPO expert and Cordell Eminent Scholar Chair Jay Ritter weighs in on the topic (subscription required).

Goldman Sachs did not misprice Snowflake’s Buffett-backed IPO

“It is wrong to assume the cloud computing company was hoodwinked by Wall Street just because of its share price pop,” writes Tom Braithwaite of the Financial Times. IPO insights from Cordell Eminent Scholar Chair Jay Ritter help inform Braithwaite’s story. Read more from the Financial Times (subscription required). 

Tech IPOs leave no doubt—It’s now growth at any cost

Last week’s IPO for Snowflake, a cloud data software company, sheds light on the current state of tech investing. Cordell Eminent Scholar Chair Jay Ritter comments on Snowflake’s IPO and just how much money it left on the table. See what he had to say in this story from Barron’s (subscription required).  

By this measure, Snowflake’s IPO wasn’t such a success after all

With Snowflake’s IPO on September 16, it is the priciest newly-listed company, valued at $70 billion. It also is the second-most underpriced IPO in history measured by dollars “left on the table,” and the record-holder, by a wide margin, for a newcomer of its slender size. Cordell Eminent Scholar Chair Jay Ritter shares his thoughts on Snowflake’s IPO in this story from Fortune. 

What Snowflake and JFrog are telling us about the IPO market now vs. 1999

With the IPO market performing similarly to the top of the internet bubble in 1999, do we need to be concerned about another potential crash? Cordell Eminent Scholar Chair Jay Ritter discusses the possibility in this story from Market Watch. 

IPO like it’s 1999: Market hitting dot-com-boom levels as Snowflake and other cloud-software stocks keep popping

First-day returns for market debuts are at their highest level since the bubble, Cordell Eminent Scholar Chair Jay Ritter says in this story from Market Watch, and that data doesn’t include Snowflake and the rest of this week’s big software debuts. 

Closed-end funds are trying to make a comeback

Closed-end funds, in vogue in the 1980s, are getting a second chance. While research from Cordell Eminent Scholar Chair Jay Ritter highlights that closed-end funds underperform other funds by a wide margin in their first year, he explains how he thinks these funds can be useful as sources of high-yield income in this story from The Wall Street Journal. 

‘What’d You Miss?’ tackles the popularity of SPACs

Cordell Eminent Scholar Chair Jay Ritter joins Caroline Hyde, Joe Weisenthal & Romaine Bostick on ‘What’d You Miss?’, which bring the news and analysis you may have missed after the closing bell on Wall Street. Ritter shares his insights on SPACs in this show from Bloomberg.