Cordell Eminent Scholar Jay Ritter contributes to this story about newly public companies getting bought out—for far less money—while blank-check promoters prepare for a more skeptical market. Read more in this story from Bloomberg.
Jay Ritter Articles: page 2
Opinion: Delivery drones, robotaxis, even insurance — wildly hyped dreams for AI startups are giving tech investors nightmares
These are just a few examples of the reality that startups are too often funded by dreams that turn out to be nightmares. We recall Apple, Amazon.com, Google, and other grand IPO successes and forget thousands of failures. Recent data from
ANALYSIS: Time Pressure Builds on De-SPAC Deals
In 2021, Cordell Eminent Scholar Jay Ritter predicted that half of SPACs would need to return money to shareholders. After looking into what would happen if half of SPACs didn’t De-SPAC, a new Bloomberg Law analysis finds that more than
Doc’s Prescription: Many special purpose acquisition companies might go bust
Research insights from Cordell Eminent Scholar Jay Ritter and Ph.D. student Minmo Gahng contribute to this story about the roughly 25 SPACs (special purpose acquisition companies) have concerns about their financial future, according to the Wall Street Journal. Read more
This SPAC is merging with an already-public company as sponsors get creative before time runs out
SPACs are known to be a roundabout investment vehicle to take private companies public. Not this one. Bull Horn Holdings is merging with biotech Coeptis Therapeutics, a public company traded over the counter. It remains to be seen if other sponsors would replicate
IPOs are dead, and that’s bad news for the secondary market in private shares
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.
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
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.