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Surf Air's Rough Debut Serves as Cautionary Tale for Direct Listings.
In: Bloomberg.com, 2023-07-28, S. N.PAG
Online
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Zugriff:
"Surf Air's early trading highlights that IPO markets aren't yet completely receptive to somewhat speculative story stocks", said Rohit Kulkarni, an analyst at Roth MKM. Unlike a traditional initial public offering in which shares are sold at the offer price before trading begins, nobody bought or sold stock at the reference price. At $3.15, the company was worth less than a fifth of what investors went to bed thinking it would be worth on Wednesday night when the exchange assigned a reference price of $20 a share. [Extracted from the article]
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Surf Air's Rough Debut Serves as Cautionary Tale for Direct Listings.
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Autor/in / Beteiligte Person: | Lipschultz, Bailey |
Zeitschrift: | Bloomberg.com, 2023-07-28, S. N.PAG |
Veröffentlichung: | 2023 |
Medientyp: | serialPeriodical |
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