Inc Mag: “The 2026 IPO Wave Will Dwarf 1999 in Real Dollars. But 1 Metric Will Prove If AI Is a Bubble”
By datatrekresearch in IN THE NEWS
Excerpt from Inc Magazine quoting DataTrek co-founder Nick Colas:
.... "Nick Colas, co-founder of DataTrek Research, spent the 1990s sitting in on IPO pricing meetings. He said the process hasn’t changed in decades...
Insiders typically want the stock to climb in its first weeks of trading without going parabolic.
Not only does too large an early rally make bankers look incompetent for leaving money on the table, but it also signals froth and exuberance, Colas said.
A 15-20 percent bounce for an IPO matches the comparisons between 1995 and 1998.
But once you enter the 50-70 percent range, that starts to resemble the last stage of the dot-com bubble in 1999, when the average first-day gain was 71.2 percent, according to DataTrek calculations"....
Full article here on Inc Magazine.
