From Birkenstock to Instacart: IPOs are in a rut ...Middle East

Analysis by Elisabeth Buchwald, CNN (CNN) — When a company goes public it’s kind of like their bar mitzvah. They’ve reached adulthood and are ready to take responsibility for their actions. But a lot of companies that celebrated their “bar mitzvahs” lately are learning that adulting kind of sucks. Setting the scene The initial public offering market was booming in 2021. In just the first nine months of 2021, 785 companies went public in the US, compared to 664 for all of 1996 — the dawn of the internet stock mania, Paul La Monica reported. Some of those IPOs included Bumble, Oatly, Robinhood and Allbirds. Rivian, the electric vehicle maker, got in on the fun too in November of

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From Birkenstock to Instacart: IPOs are in a rut ...Middle East

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