The IPO spigot is beginning to flow, with eToro just out of the gate, but might the new cohort be too old to produce blockbuster returns?
Why it matters: Companies keep staying private longer, which means weaker performance could be the new normal.
- For example, 2020 and 2021 tech IPOs posted the worst market-adjusted returns since the University of Florida's Jay Ritter began tracking the figures in 1990.
