The Year of the IPO

The so-called year of the IPO has been fun to watch as both an investor and spectator. The most popular IPO of the year? CNBC reported that SoftBank is now more than $600m underwater on its Uber investment. With that said, there have been many successful IPOs so far including $MDLA, $CRWD, and $BYND.

Twitter and StockTwits has been going crazy with seemingly everyone chiming in on whether to be long or short on these stocks, whether we’re in a bubble, and when the recession is going to hit. The sheer amount of companies that are losing large sums of money every year is remarkable and unprecedented. The memes and jokes on fintwit have been amazing.

The easy answer is to say we are in a bubble and a recession is imminent. The hard part is to predict when that will happen. The two things I am certain of is that timing the market is impossible and that no one really knows how to value these companies.

I for one am planning to enjoy the bull market and ride the wave. If and when things go south, then at least we’ve got a lot of great memes and jokes that came from the year of the IPO.