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Why the Day One IPO ‘Pop’ Is Overhyped

The current class of 2020 IPOs make a strong case for more direct listings

A double exposed image with a stock market concept, showing stacks of coins, hands tapping a smartphone, and a trading graph.
Image: Busakorn Pongparnit/Moment/Getty Images

After a delayed start, the IPO market is heating up again as companies look to resume going public. This recent spate of IPOs — Agora, Vroom, ZoomInfo, and Lemonade — has resurfaced the familiar occurrence of the “IPO pop,” where companies’ initial share prices see large…

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Tanay Jaipuria

Tanay Jaipuria

Curious about technology, economics, and business. You can find me on twitter (@tanayj) or substack: https://tanay.substack.com/