Insights from Cordell Eminent Scholar Jay Ritter are included as part of this Bloomberg Law Opinion column on the SEC’s proposed changes to the rules around SPACs. Read more in this column from Matt Levine in Bloomberg Law.
Jay Ritter Articles: page 23
Ritter cited in SEC Commissioner’s statement on SPAC proposal
Cordell Eminent Scholar Jay Ritter was cited as part of SEC Commissioner Caroline A. Crenshaw’s statement on the proposed changes to SPACs. Specifically, the SEC is proposing new rules and amendments that would require, among other things, additional disclosures about
China’s Luckin Looks to Relist on NASDAQ
The Diplomat speaks with Cordell Eminent Scholar Jay Ritter about Chinese coffee company Luckin and its second IPO attempt. Read what Ritter thinks it will take for the company to be publicly listed.
SPAC-Backed Stocks Find Few Takers Even After Enduring 60% Rout
The rich valuations remind Cordell Eminent Scholar Jay Ritter of initial public offerings in the 1980s and 1990s, which were typically done by young companies with similarly optimistic business models. “A lot of them turned out to be disappointments for
Is a vibe shift finally coming for VC-backed startups?
Insights from Cordell Eminent Scholar Jay Ritter inform this story about yesterday’s hot startups having major IPOs, but they’re still losing lots of money—and it’s not clear when they will ever be profitable. Read more in this story from Fast
SPAC Startups Made Lofty Promises. They Aren’t Working Out.
Of the 63 companies that went public through a SPAC deal last year and had less than $10 million in trailing sales at the time of their listing, at least 30 didn’t meet their projections, according to the Journal’s analysis
Cathie Wood’s ARK portfolio is headed for a shipwreck—and plunging tech stocks aren’t even the worst of it
Wood’s been suffering because she’s not only on the wrong side of the trend but also dangerously leveraged to the riskiest and most glamorous of the go-go stocks, from Tesla to Coinbase to Robinhood. “This is extreme loading of growth
This Is The Ultimate Donald Trump Stock: But Is DWAC A Buy Now?
Donald Trump is one of the world’s most famous businessmen, but his companies have usually been privately held. Now investors have the chance to throw their lot in with the former president of the United States through Digital World Acquisition.
Tech slump forces IPO hopefuls to consider Plan B
Unprofitable companies that listed in the United States last year were down an average of 32% from their IPO price at the end of January, according to data provided by Cordell Eminent Scholar Jay Ritter. Read more of this story
Luckin Coffee: can China’s Starbucks win back investors?
Cordell Eminent Scholar Jay Ritter shares insights for this story on Luckin Coffee and how its bankruptcy after a 2020 fraud scandal fed the backlash against corporate China. Now the company wants to relist its shares in the US. Read