The market for initial public offerings is getting too euphoric and unhealthy in the longer term, according to Goldman Sachs Chief Executive David Solomon. “ ‘I do think we’re at a moment in time where there is a lot of euphoria…and I don’t think in the long run [that] that’s healthy.’ …
Read More »Top Ten: Weekend reads: Hot IPOs for DoorDash and Airbnb point to an overheated stock market
Shares of DoorDash Inc. DASH and Airbnb Inc. ABNB shot straight up after the companies’ initial public offerings this week. That sort of exuberance can be a sign that a bull market is in a late stage. Mark Hulbert interviews Jay Ritter, a finance professor at the University of Florida …
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