Episode 54: The IPO fallout.

Christmas came early to many last week that participated in the big Airbnb and Doordash IPOs last week.  Although the question seems to be today, why was the pricing so out of whack?  The IPO process had been scrutinized for a while now which had led to alternative approaches like SPACs or Direct Listing but last week's performance is again shining the light on the process.  

For most people it might seem like a win-win all around on the IPOs from last week.  Although when the IPO pop is almost 3x the price the company sold their shares, the question continues to be why is it so far off and are they considering the new retail investor. 

To learn about SPACs: Join us this Tuesday on our SPAC Attack panel.  Pandocap will be joined by leading experts to share more about this alternative approach.  Link to register 

Market Close 

Dow 30 29,861.55 -184.82 (-0.62%)

S&P 500 3,647.49 -15.97 (-0.44%)

Nasdaq 12,440.04 +62.17 (+0.50%)

IPO

Are your wishes coming true this week as Wish parent ContextLogic preps to come public? The discount e-commerce firm is in focus as it plans to raise $1.1 billion this week. But if you are unfamiliar with the Wish IPO, you can still dive in. 

-Wish will start trading on the Nasdaq Exchange this week under the symbol WISH.

-The company plans to offer 46 million shares at an IPO price range between $22 and $24.

-Importantly, this would give Wish a market capitalization of $16.4 billion.

-After the IPO, investors should note that CEO Peter Szulczewski will have more than 80% of the total voting power.

We have a great interview with Kimberly Nerpouni this Friday sharing tips on how to nail your interviews.

Have a great week.