Dizzying Valuations, IPO Craze Tick Boxes on Bubble Checklist
Jan 04 2021, 7:34 PM
January 03 2021, 2:30 AM
January 04 2021, 7:34 PM
(Bloomberg) The IPO market is manic. Stocks havenât been this expensive since the dot-com era. The Nasdaq 100 has doubled in two years, leaving its valuation bloated all while volatility remains stubbornly high.
(Bloomberg) The IPO market is manic. Stocks havenât been this expensive since the dot-com era. The Nasdaq 100 has doubled in two years, leaving its valuation bloated all while volatility remains stubbornly high.
Itâs a setup thatâs left investors sitting on fat returns from 2020, a year that defied easy explanation. Itâs also one that has a growing cohort of experts warning about a bubble.
Dizzying valuations, IPO craze tick boxes on bubble checklist businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
In his memoir of the 2008 financial crisis, former U.S. Secretary of the Treasury Timothy Geithner wrote that such crises are like “earthquakes” they “cannot be reliably predicted, so they cannot be reliably prevented.” Former Federal Reserve chairman Ben Bernanke ’75 seemed to share that view when he said in a May 2016 talk that the Great Recession was triggered by “a twenty-first-century electronic panic by institutions…an old-fashioned run [on the banks] in new clothes.” And former U.S. Secretary of the Treasury Henry Paulson, M.B.A. ’70, said in a 2018 symposium at the Brookings Institution that such crises are “unpredictable in terms of cause, timing, or the severity when they hit.” But what if all these policymakers are wrong?