
IPOs have been hot. Now investors are dumping them
CNN
2021 was a record year for initial public offerings. Looking to take advantage of hot markets, companies raised more money than ever before, netting tens of billions of dollars in the process.
When these stocks hit the Nasdaq or New York Stock Exchange, they often experienced a huge first-day pop. Dating app Bumble rallied 64% in its debut trading session. Swedish oat milk brand Oatly climbed 19%.
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