It’s been a stellar year for IPOs. So far, there have been 215 new stocks that have hit the markets, with the average first-day return of about 13%, according to Renaissance Capital.
But given the giddiness, perhaps it’s a good idea to take some profits?
Perhaps so. Consider that there are already signs that investors are getting fatigued with new stocks. After all, last week there were 11 new stocks that went public, yetonly four had positive returns. In fact, some of the deals were downright stinkers, with Vivint Solar (VSLR) down 11% and Atento (ATTO) off by 15%. Read