IPOs Had a Crazy Week. 9 Things Investors Need to Know
It was already a great year for IPOs, but this past week took things to an entirely new level. DoorDash (ticker: DASH) and Airbnb (ABNB) started the week as private companies last valued at a combined $34 billion. They ended the week as public companies together worth nearly $170 billion. The initial public offerings capture how Covid-19 has fundamentally shifted the economy—and the financial markets. Here’s what we learned from the historic week. Growth Is the New Value: Investors are desperate for growth, and they don’t care what it costs. Snowflake ...
Source: marketwatch.com