ROOT - 3 Broken IPOs That Should Bounce Back in 2021
Investors love that new-stock smell, but buying into an IPO comes with unique risks and challenges. Many promising companies have a lot to prove when they make their market debuts, and when they stumble out of the gate, it's not pretty.
I took a look at some hot IPOs to put on your watch list earlier this week. Now let's look at some debutantes from the Class of 2020 that have flopped. Casper Sleep (NYSE: CSPR) , Root (NASDAQ: ROOT) , and BlueCity Holdings (NASDAQ: BLCT) are all trading lower than their IPO price tags, but they may not stay broken for long if positive catalysts play out in the year ahead. Let's see why Casper Sleep, Root, and BlueCity can get it right the second time around.
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3 Broken IPOs That Should Bounce Back in 2021