Finance

IPOs that doubled have poor record after debut

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Snowflake IPO begins trading at the NYSE on Sept. 16th, 2020.

Source: NYSE

So you think Snowflake up over 100% on its first day is a big deal? Nah, there’s been plenty of companies that have had first day pops bigger than that this year. 

They include biotech firm CureVac, up 249% on the first day of trading, software as a service firm BigCommerce up 201%, biotech firm Berkeley Lights up 197%, cloud company nCino up 195%, and insurance fintech firm Lemonade up 139% on its first day of trading.

2020 IPOs:  big first-day pops

  • CureVac             up 249%   (biotech)
  • BigCommerce     up 201% (software)
  • Berkeley Lights    up 197% …



Source cnbc.com

My family paid $7K for my uncle’s funeral. Our cousins said they didn’t have any money, but one remodeled his kitchen and another bought $800 shoes. Would you ask for it back?

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