Warrington in the News Articles: page 2

Shares in Donald Trump’s social media company sank in morning trading on Wednesday, a day after the company filed paperwork with the Securities and Exchange Commission that could allow the president’s trust to sell more than $2 billion of shares. The filing provides updated information about Trump’s majority stake in the company and flags the possibility of an additional 8 million shares hitting the open market, according to University of Florida finance professor Jay Ritter, who described the filing as a requirement if the company insiders attempted to sell off their shares.

The market for initial public markets has basically been frozen for three years. And CoreWeave’s recent IPO has done nothing to change the dynamic, suggesting 2025 could be another IPO bust. There hasn’t been a good market for IPOs since 2021, when 311 companies listed, according to Jay Ritter of the University of Florida Warrington College of Business.

The offering has captured the attention of investors from Wall Street to Silicon Valley, as CoreWeave represents the first pure-play AI IPO and the largest tech debut in the U.S. in four years. The IPO market has been largely shut since the end of 2021, as the tech industry reckoned with rising inflation and interest rates. Research data from Jay Ritter informs this story.

CoreWeave, a hotly anticipated initial public offering, priced on Thursday below its range, at $40 a share for a valuation of $23 billion, raising some $1.5 billion, well below earlier expectations. Jay Ritter shares his insight on the debut.

Widely misunderstood, blockchain technology and cryptoassets are often wrongly associated with anarchy and upheaval, explains Associate Professor Fahad Saleh in this column from the Tampa Bay Times.

Jay Ritter comments on Tesla’s fallen stock in recent weeks, with members of the board and an executive at Elon Musk’s company selling off millions of dollars in stock, according to filings with the U.S. Securities and Exchange Commission. Together, four top officers at the company have offloaded over $100 million in shares since early February.

The percentage of startups profitable at IPO time has steadily declined since the 1980s and most valuable ones take longer to become profitable, according to insights from Jay Ritter.

The University of Phoenix, once the premier for-profit institution in the country, is taking advantage of its ability to court other options as an acquisition deal with a University of Idaho affiliate inches toward a two-year stall. Jay Ritter shares insights on the online for-profit’s owners, Apollo Global Management Inc. and the Vistria Group, considering an IPO, for Apollo Education Group, the holding company for the University of Phoenix.

Investors, take note: Abnormal growth in earnings is neither persistent nor predictable. Research from Jay Ritter informs this story.

Whether excited about gaining new followers or desperate to win back lost subscribers, investors who saw changes to their subscriber count performed worse than before their subscribers changed, according to a new study from PricewaterhouseCoopers ISOM Professor Liangfei Qiu.