Jim Cramer breaks down how investors can make money from the IPO boom without investing directly in them.
CNBC's Jim Cramer said he did not expect Lyft shares to get hit so hard on Monday after their after a positive Friday debut on the stock market.
Additionally, Lyft was the Nasdaq's largest IPO since the faulty debut of Facebook on the tech-focused exchange in 2012. At the time, Facebook's stumble worried many tech companies, which pushed notable names such as Twitter, Alibaba, and Snap Inc. to list on the NYSE, Cramer said. The investment banks that underwrite an IPO are well compensated, Cramer said. Goldman Sachs and JP Morgan handled the Levi's and Lyft offerings, respectively, and both firms will play a role in Pinterest's listing this year, he noted.
"Again, the financials are an unloved group, but these IPOs give you a reason to bet on the investment banks," he said.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Cramer: Lyft IPO likely to surge, drawing investors back to whole stock marketLyft is slated to have a blockbuster initial public offering, drawing investor attention back to the stock market, CNBC's Jim Cramer said on Thursday.
और पढो »
Lyft prices IPO at $72 per share: SourceLyft IPO priced ahead of Nasdaq debut expected Friday.
और पढो »
Lyft prices IPO at $72 per shareLyft IPO priced ahead of Nasdaq debut expected Friday.
और पढो »
Cramer: Fund managers are ditching high-growth stocks for Lyft, IPO seasonThe major indexes finished Wednesday in the red. Jim Cramer says expect the selling to continue as big funds build capital to buy IPOs
और पढो »
Lyft raises IPO price range ahead of Friday IPOLyft raised its expected price range to $70 to $72 per share, according to an amended S-1.
और पढो »
Lyft IPO: 5 things to know about the ride-hailing company ahead of its IPOLyft Inc. appears poised to beat rival Uber Technologies Inc. to an initial public offering, and that’s important for a number of reasons.
और पढो »
Lyft prices IPO shares at $72 and will make its Wall Street debut with a $21 billion valuationThe ride-hailing unicorn Lyft will list Friday on the Nasdaq in the first big tech IPO of 2019.
और पढो »
Lyft Prices IPO at $72, the Latest Move In Its Money-Raising Battle With UberLyft, the ride-hailing underdog whose survival was once in doubt, priced its IPO at $72 a share in what could be one of the hottest initial public offerings of the year.
और पढो »
IPO wave amplifies Silicon Valley inequalityOne estimate sees 6,000 new millionaires minted from the likes of Lyft and Uber going public. It will give the overall Bay Area economy a boost but may exacerbate social problems. There’s already an affordable housing crunch, and the gap between the rich and poor is growing.
और पढो »