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Some IPOs should never have happened. Those who invested in these only have themselves to blame

Some IPOs should never have happened. Those who invested in these only have themselves to blame

Synopsis

The moment you start reading about these IPOs, the rotting smell of their zombie financials fills the room. But there are many other investors whose noses are blocked by the greed of finding the greater fool.

By , ET CONTRIBUTORS
5 mins read, Last Updated:
Since late 2021, when the parade of IPOs of the ‘New Age Technology Companies’ started, there has been a constant stream of investors complaining about these companies on social media. The theme of complaints is always the same, that investors who invested in these IPOs lost money. I find myself without much sympathy for these investors. Before the social media mob sets after me, let me clarify. I have been extremely critical of these companies’
( Originally published on Jan 30, 2023 )

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