Few companies grow at above-average rates for more than a year or two. Or, as the late British economist and philosopher John Maynard Keynes famously put it, trees don’t grow to the sky. This is especially important to remember now,
Jay Ritter Articles: page 15
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IPO window cracks open and private equity moves in
The IPO window has opened—at least a crack—and private-equity sponsors are starting to line up. Jay Ritter, Cordell Eminent Scholar, said public stock investors are willing to put their money behind companies that lay out growth plans. An extreme example
As Deadlines Loom, SPACs Strike Array of Pacts With Health Firms
Deal-needy SPACs have struck a series of pacts to take small health-care companies public as they race against the clock to avoid the risk of forfeiting the money they raised. “As the deadline approaches, the sponsors are saying a deal
Opinion: Will ChatGPT and AI save money-losing tech stocks from the short-sellers?
The stock market allows investors to share in the long-run profits generated by well-run businesses. It also allows speculators to buy lottery tickets on startups that may succeed but usually don’t. In 2022, Cordell Eminent Scholar Jay Ritter reported on
Following IPO wave, startups’ stock sales have slowed to a trickle
The Cava restaurant chain is going public. Normally, that would not be big news. But right now, there aren’t a whole lot of companies champing at the bit to make initial public offerings on stock exchanges. Insights from Cordell Eminent Scholar Jay
Record-Breaking SPAC Deal for EV Firm Shows Market Weakness, Not Strength
Cordell Eminent Scholar Jay Ritter shares his insights about a record-breaking SPAC deal to bring a Vietnamese electric-vehicle maker to market showcases. The deal shows just how distorted things have become in the industry. The VinFast deal “is an outlier
Exposing the dual role of mutual funds in connection with investment banks
GAINESVILLE, Fla. – Institutional investors and investment banks are two key players in today’s financial system. The relationship between these two is complex, and according to new research is one that deserves more public scrutiny due to conflicts of interest.
Uncertain Markets Have Startups Rethinking IPOs
Some company founders say their new goal is to build a profitable business and buy out their backers. Not all investors are on board. Insights from Cordell Eminent Scholar Jay Ritter inform this story. Read more in The Wall Street Journal.
Meta’s Head of IR Is Leaving for Fanatics. It’s a Step Toward an IPO for the Sports Unicorn.
Though the IPO market is still ice cold, a high-profile unicorn just checked another box as it readies for an eventual public market debut. Insights from Cordell Eminent Scholar Jay Ritter inform this story. Read more in Barron’s. [Subscription required.]
Ares debuts second SPAC IPO in uncertain times but raises less capital than the first
Cordell Eminent Scholar Jay Ritter informs this story about Ares Acquisition Corp. II, which is the largest special purpose acquisition company by total dollar proceeding to go public since January 2022. Read more in this story from MarketWatch.
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