nitial public offerings (IPOs) have always held a sort of mystique for investors.
How to Make Big Money on Marijuana IPOs
Newly public companies hit the markets in their first days and weeks with a lot of excitement. This is because investment banks love to play up a company’s potential to generate excitement, pump up its market valuations, and earn high banking fees. And investors are always on the lookout for the next new thing.
Over the last few months, two of the most highly-anticipated IPOs took place — Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT). The events were hyped up to no end, and investors were quick to scoop up shares early.
Here comes the problem we see over and over again with IPOs … those early investors are already sitting on losses.
Those who bought Uber near its high of $45 are down 11%. But worse … anyone who