Jay Ritter Articles: page 3

Lossmaking tech shares face rough ride as lock-up clauses expire

With lock-up periods set to expire for companies that went public this year, like Uber, Pinterest and Zoom, these companies may now have to worry about a selling flood on top of already poor-performing IPOs.  Cordell Eminent Scholar Chair Jay Ritter comments on how lock-up periods might affect the valuation of these stocks. See what he had to say in this story from the Financial Times. 

Startups hear about drawbacks of IPOs at San Francisco meeting

As traditional initial public offerings struggle, Cordell Eminent Scholar Chair Jay Ritter spoke at an event hosted by UF alumnus and venture capitalist Bill Gurley (BS ’89) about the benefits of direct listings. The event, titled “Direct Listings: A Simpler and Superior Alternative to the IPO,” highlighted Ritter’s research, which shows the average first-day gain for 88 IPOs priced at $5 or higher so far this year is 24 percent, the highest since 2000.  Read more about the event and Ritter’s

IPO crashes send chills from Wall Street to Silicon Valley

As a series of high-profile companies look to make their debuts on the market this year, Cordell Eminent Scholar Jay Ritter shares his expert advice on the impact these IPOs will have with news outlets like Bloomberg, The Wall Street Journal, Financial Times and Fortune. See what Ritter had to say about the IPOs of companies like Peloton, WeWork and more.  Unprofitable companies raising IPO cash – Bloomberg (30:07) Endeavor pulls IPO after Peloton’s poor debut – The Wall Street

Opinion: Here’s how retirees should plan for an imminent recession

“How should retirees respond to the steadily growing drumbeat of stories about an imminent recession?” questions MarketWatch columnist Mark Hulbert.  In this opinion piece, Hulbert shares what he think’s retirees should consider if they believe a recession is coming, in part relying on research, titled “Is Economic Growth Good for Investors?” from Cordell Eminent Scholar Jay Ritter. See how Ritter’s research helps Hulbert form his advice in a story from MarketWatch. 

Investor skepticism prompts WeWork to postpone its IPO

“WeWork has put its plans to go public on hold. The shared-office-space company pulled the plug on its initial public offering less than two weeks before its shares were likely to hit the market. Given all the skeptical headlines about WeWork while it was getting ready for its IPO — along with the struggling share prices of Uber and Lyft since they went public — investors are starting to get a little more cautious when it comes to IPO investing,”

SmileDirectClub flops in one of the worst-performing IPOs in decades

“Proving that investors will not always tolerate money-losing tech companies going public, online ‘teledentistry’ startup SmileDirectClub flopped on its Nasdaq debut on Thursday with shares in the company down 27.5% as of the close of regular trading, making it one of the worst-performing initial public offerings in 29 years,” writes Silicon Angle.  Cordell Eminent Scholar Chair Jay Ritter shares in the Silicon Angle article as well as in an article by the Financial Times that SmileDirectClub share’s percentage slide was the

Peloton puts its own spin on accounting metrics ahead of IPO

Ahead of its IPO, home-exercise company Peloton may leave some investors questioning exactly what its defining metric – average net monthly connected fitness churn – is all about when reviewing its pitch.  Cordell Eminent Scholar Chair Jay Ritter comments on the company’s journey to an initial public offering in this story from Bloomberg. 

Goodbye IPO, hello direct listing?

Cordell Eminent Scholar Jay Ritter recently discussed IPOs with CNBC’s Jon Fortt on his show Fortt Knox in honor of the 15th anniversary of Google’s IPO. See Ritter explain the basics of the IPO market and what’s happening in IPO news today. 

Today’s Tech IPOs Offer Lower Growth for Top Dollar

Cordell Eminent Scholar Chair Jay Ritter shares insights with The Wall Street Journal on how “investors now pay higher prices for companies that are less profitable and growing more slowly than their predecessors.” In other tech IPO news, Dr. Ritter also comments on WeWork’s initial public offering and its questionable $47 billion valuation in Fortune. 

Chewy Falls in Line With Expectations in First Earnings Report Since Public Debut

“Chewy reported earnings mostly in line with estimates in its first report since becoming a public company,” writes Cheddar.com. Cordell Eminent Scholar Jay Ritter discusses the earnings and the current IPO landscape in an interview with the news outlet. Ritter was also recently featured on NPR’s Marketplace explaining the rationale for selling a private company’s stock ahead of an IPO and in The Wall Street Journal discussing why investors might be drawn to funds pre-IPO.