2023-04-05 10:51:11 ET
The market for initial public offerings (IPOs) went from an absolute bonanza in 2021 and early 2022 to a complete 180-degree turnaround the last 12 months. That's what happens during the rise and subsequent pop of a historic speculative bubble.
Most of the companies that went public during 2021 -- especially within the electric-vehicle and space-economy sectors -- turned out to be houses of cards with untrustworthy management teams. However, there are a few stocks I think are diamonds in the rough among the 2021 and 2022 IPO classes.
One of them is Squarespace (NYSE: SQSP) , an online website-building platform for individuals and small businesses. Here's why I like this company as a solid technology IPO to buy in April.
For further details see:
My Top Tech IPO to Buy in April