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IPOs paid out big for U.S. investors in 2020


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(Reuters) - Wall Street investors with access to newly listed stocks at their exclusive IPO prices reaped huge returns in 2020, while retail investors who generally miss out on the best prices still made tidy gains.
FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar
Shares of companies that went public via IPOs or direct listings this year on average have surged 75%, with corporations that have yet to report a profit jumping more than twice as much as those with positive bottom lines, according to a Reuters analysis. ....

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IPOs paid out big for investors in 2020

IPOs paid out big for investors in 2020
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The Market Is on an Epic Bender: Be Careful Out There


The Market Is on an Epic Bender: Be Careful Out There
We ve entered a time of reckless abandon with trades - and it s dangerous.
Stocks quotes in this article:
UBER,
WNW
It s dangerous out there right now. The market is on an epic bender. You may not see it in the broader markets, but it exists underneath.
Not since the dot-com era have I seen so many crap companies double, triple, or go up 10-fold in days. While this may not be an acceptable term, it is accurate, in my view. These are companies with virtually no underlying business, revenue, or competitive advantage. In fact, most shouldn t be public but only exist as a public entity so insiders can cash out to bagholders. ....

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