This time is different…Valuation dispersion peaks?#eps #cycle #economy #investors pic.twitter.com/pO9Pf2WeML
— Mo Hossain (@MoHossain) September 29, 2020
IPO Market Parties Like It’s 1999 – WSJ
This spring also brought a surge in financing for blank-check companies—a sign that there’s more demand for IPOs this year than there are companies able to quickly go public.
Its just a tsunami of money looking for the riskiest investments possible.
h/t SpontaneousDisorder