📈 IPOs On Fire
And what it means for the market.
IPOs on Fire
The last few days, we have seen names that have IPO’d absolutely skyrocket.
An example of the action we’ve seen just this week:
CoreWeave (CRWV) opened at $40 and closed yesterday over $52.
Waton Financial (WTF) opened at $4.30 and closed at nearly $20 yesterday.
Newsmax (NMAX) opened at $10 and closed at $233 yesterday.
These names have been extremely volatile but have been making massive moves to the upside.
Market Impacts
When we have IPO names making outsized moves like this, we are going to see an influx of IPOs looking to replicate this success.
Think about the boom in SPACs that we saw in 2020-2021 during COVID, where we saw the exact same action.
We saw SPACs get extremely hot until they stopped moving violently to the upside, which resulted in tapering off to a much lower number of SPACs hitting the market.
the IPO ETF is one to watch as a result.
Yes, the name is beaten down.
Yes, we are just starting to form a death cross.
But as long as we are seeing this kind of action from new IPOs, it is something that I would keep an eye on.
For more on this, watch this video: