Latest / The Rational Reminder Podcast
Prof. Jay Ritter: IPOs, SPACs, and the Hot Issue Market of 2020 (EP.139)
We've previously compared IPOs to lotteries that are prone to inflated valuations and low returns. Today we welcome "Mr. IPO," Professor Jay Ritter onto the show for a deeper dive into IPO performance, for his insights into SPACs, and to hear his research into why economic growth doesn't correlate with stock returns. Early in the episode, Jay unpacks how long-term IPO returns perform against first-day trading. While exploring the role that venture capital plays in tech IPOs, Jay talks about why negative earnings don't affect tech IPOs in the short-term before sharing how skewness factors tend…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.