Sports IPOs have flopped in 2023: There have been seven IPOs, including two sports-related SPACs, and the total return from the offering prices is negative 43%. Why are sports IPOs performing poorly? Hint: It’s not because people don’t like sports
Jay Ritter Articles: page 9
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Jay Ritter comments on Arm’s IPO on Bloomberg Market’s The Close
Cordell Eminent Scholar Jay Ritter shares his insights about Softbank-backed chip designer Arm’s IPO, which is on track to be the largest public debut of 2023. Hear more from Ritter in this video from Bloomberg. [Segment begins at 1h 57m.]
AMC moves to simplify its stock situation
Cordell Eminent Scholar Jay Ritter comments on movie theater chain AMC’s complicated stock maneuver the company is planning. AMC shares fell 24% on Monday after a judge approved the company’s plan to consolidate two types of stock the company offers:
Instacart’s slow IPO delivery spoils the goods
Cordell Eminent Scholar Jay Ritter shares his insights on Instacart’s IPO. The grocery delivery company is set to submit an initial public offering prospectus to regulators as soon as next week. Read more in this story from Reuters.
Here’s The Story Of The Billionaire Founder Behind Hindenburg Research’s Latest Short Selling Target
The short seller Hindenburg has accused Kazakhstan-based brokerage Freedom Holding of fraudulent practices. Former employees who spoke with Forbes have their own beef with the company. Cordell Eminent Scholar Jay Ritter comments in this story from Forbes.
In latest troubles, top UM athletics booster John Ruiz faces $67 million lawsuit
Cordell Eminent Scholar Jay Ritter lends his SPAC insights to this story about LifeWallet, the health-insurance claims company founded by lawyer John H. Ruiz, a top financial booster of University of Miami athletics, which faces another legal challenge after Miami
Tycoon’s Fortune Soars $39 Billion on Eyebrow-Raising SPAC
Cordell Eminent Scholar Jay Ritter shares his insights for this story about electric car maker VinFast, whose founder is now worth $44.3 billion after the company’s blank-check company merger. Read more in this story from Bloomberg. [Subscription required.]
Soros, Baupost Among Funds to Buy CRH Ahead of US Listing Pivot
Cordell Eminent Scholar Jay Ritter lends his insights to this story about billionaire investors George Soros and Seth Klarman building positions in Irish building materials company CRH Plc before it shifts its primary listing to a US exchange from across
You will soon be able to buy VinFast stock. But it’s taking a different path to market.
Opting to go public through a SPAC, VinFast has one of the largest deals ever, valuing the 6-year-old Vietnamese automaker at $23 billion. Cordell Eminent Scholar Jay Ritter offers his insights into VinFast’s quest to become a public company in
‘Startups no longer are $100 bills on the sidewalk.’ Venture capital is suffering even as the U.S. stock market is surging.
Insights from Cordell Eminent Scholar Jay Ritter inform this story about how investors are becoming cynical about startups and the venture capital firms that fund them. Read more in this story from MarketWatch.
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