JBS, the biggest meatpacker in the world, is set to go public on the New York Stock Exchange this week. Jay Ritter comments on the company’s IPO in this story from The New York Times.
Jay Ritter Articles: page 2

Cointribune | Circle’s crazy IPO hides a $3 billion sacrifice
Circle’s IPO made Wall Street history with the biggest two-day surge since 1980. Yet, behind this spectacular performance lies a troubling paradox: the issuer of USDC literally left 3 billion dollars on the table with institutional investors. How can this
MarketWatch | Circle’s stock is having another big day. What the blockbuster IPO has meant for other cryptocurrency plays.
While the first day of trading usually captures the most attention with IPOs, second-day stock-price moves tend to be more muted with larger deals of $500 million such as Circle’s. The second-day trading gain of about 45% for Circle’s newly

Fortune | Circle IPO leaves $1.72 billion on the table, seventh biggest underpricing in decades
Here we go again. Traditionally, IPOs are a great deal for Wall Street and its prized clients, not so much for the companies the investment banks take public. On June 5, Circle Internet Group, issuer of the highly successful stablecoin

The Logic | It was Canada’s biggest bitcoin miner. Now it’s betting big on the Trumps
Hut 8 is going all in on big names, buzz and a high-risk, trendy business strategy. Will it work—or blow up in its face? Jay Ritter shares his insights in this story from The Logic.

Barron’s | DJT stock rebounds slightly. Trump’s control of Truth Social weakens
Trump Media & Technology Group, the owner of social-media network Truth Social, on Tuesday disclosed plans to issue $1.5 billion worth of new stock and $1 billion in convertible notes, with the proceeds to be invested in Bitcoin. Jay Ritter comments

CNBC | What fresh signs of life in the IPO market mean for Goldman Sachs
The IPO market seems to be thawing, at least for now. Jay Ritter shares his insights in this story from CNBC. [Subscription required.]

Barron’s | eToro Soars in Trading Debut and Chime Files to Go Public. They Are Latest Test of Fintech IPO Market.
The fintech industry has been a center of IPO activity over the last few months. Chime will follow eToro, a stock and crypto trading platform that debuted Wednesday at $69.69 a share. Jay Ritter’s IPO data informs this story from Barron’s.
Axios | IPOs return without returns
The IPO spigot is beginning to flow, with eToro just out of the gate, but might the new cohort be too old to produce blockbuster returns? Research data from Jay Ritter informs this story from Axios. [Subscription required.]
Bloomberg | A Tiny Bank in Trump Tower Is Enriching the President’s Sons
Dominari surged after bringing on Eric Trump and Donald Trump Jr. It’s part of lucrative pattern they’ve embraced since election. Jay Ritter shares his insights in this story from Bloomberg.