Research insights collected by Cordell Eminent Scholar Jay Ritter helps inform this opinion piece from Chris Bryant about his unsympathetic feeling to the Meta shareholders’ plight. “Nobody forced them to purchase Meta stock and founder hubris is a risk you
Jay Ritter Articles: page 19
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Trump SPAC’s zealous investors are both a blessing and a curse
Cordell Eminent Scholar Jay Ritter comments on the planned merger between Miami-based Digital World and Donald Trump’s media venture, and how investor confusion on SPAC rules has challenged the deal. “There’s no rational reason why any shareholder should vote against
Big Four shunned SPAC IPOs but now flock to audit new companies
Cordell Eminent Scholar Jay Ritter shares insights for this story on the Big Four accounting firms’ avoidance of audit work when SPACs became Wall Street’s favorite way to take companies public, leaving smaller outfits churning out hundreds of fast, cheap audits
Second time’s the charm for some IPOs
An initial public offering is a once-in-a-lifetime moment for a company. Except when it isn’t. When Mobileye Global lists shares in its IPO next week, it’ll be for the second time. Companies going public for a second or third time
Paul Ryan’s SPAC is the latest hit by a massive investor exodus
A SPAC that counts former US House Speaker Paul Ryan as chairman became the latest vehicle to be bailed on by investors who want their money back. Executive Network Partnering Corp. saw roughly 95% of its investors opt to swap
Nasdaq halts IPOs of small Chinese companies as it probes stock rallies
Cordell Eminent Scholar Jay Ritter shares insights for this story on Nasdaq Inc. putting the brakes on the initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their
ClearingBid seeks to be the new way to IPO
The tech firm wants to bring mainstream investors—and their advisors—into the IPO process, territory once reserved for favored clients, insiders and underwriters. But to take on Wall Street’s reliable revenue generator, many moving pieces will have to fall into place.
California Faces Loss of IPO Crown as Tech Startup Plans Stymied
California has been generating the most initial public offerings of any US state every year since 2003. That streak could end this year unless the Golden State picks up the pace. California’s change of fortune is explained largely by the
SPAC Sponsors Were Winners Even on Losers
Money managers who oversaw blank-check companies kept making profits even in the face of significant losses to stock investors. “There is no question that the sponsors had great returns at the same time that public market investors had very negative
The IPO market went from ‘boom to bust’ in 2022. Here’s what’s driving the massive slowdown.
From the best of times, to the worst of times: The market for initial public offerings has fallen off a cliff in 2022. Investors faced with high inflation and rising interest rates have ditched high-flying growth stocks and turned to safer,
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