'Hot money' drawn by strong first-day IPO surges may have be...

Moomoo AI Oct 12, 2023 17:24

'Hot money' drawn by strong first-day IPO surges may have been singed repeatedly, resulting in cautious investors, according to Matthew Kennedy of Renaissance Capital. Even Birkenstock's profitability and year-on-year growth couldn't salvage its poor trading debut in the tricky IPO market.

Birkenstock Falls Almost 13% in Debut Flop

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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