Wall Street’s Pullback Shows Hot IPOs’ Inherent Risks
PYMNTS
SEPTEMBER 3, 2020
stock market selloff — with major indexes down as much 5 percent despite no obvious catalyst in sight — serves as a reminder that sentiment rules investors’ mindsets, perhaps more so than fundamentals. The magazine said Palantir lost $580 million on $743 million in revenue last year. Thursday’s steep U.S. Therein lies IPOs’ catch-22.
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