No CHO for you

Pekelo

Pekelo

Chobani cancels November IPO:

https://www.cnbc.com/2022/09/02/chobani-pulls-plan-for-ipo.html

"Chobani is withdrawing its plans for an initial public offering, according to a regulatory filing on Friday.

The food and beverage company filed to go public on the Nasdaq Exchange using the ticker “CHO” in November. Reuters reported that it was seeking a valuation of more than $10 billion.


But it’s been a rocky year for the stock market, leading to a drought of IPOs. In the second quarter, there were just 41 initial public offerings in the Americas, down 73% from the year-ago period, according to a recent EY report. Chobani joins payroll vendor Justworks, grocer Fresh Market and file-sharing company WeTransfer in cancelling its IPO this year."
 
Some IPOs have done really well.

$HKD :p
HKD_2022-09-02_22-22-05.png

$GSUN
GSUN_2022-09-02_22-25-38.png
 
Satirical definition of IPO:
Stock that is offered to you because other people have turned it down. The guiding principle in relation to IPOs is as follows: "never participate in an IPO that you are able to participate in."

More like that here:
https://norgatedata.com/alternative.php
 
NorgateData said:
Satirical definition of IPO:
Stock that is offered to you because other people have turned it down. The guiding principle in relation to IPOs is as follows: "never participate in an IPO that you are able to participate in."

More like that here:
https://norgatedata.com/alternative.php
More...
This is true today for sure especially the unicorns going public. Its just a way for insiders to dump stock.

I remember back in the 1990s especially around the Netscape IPO and especially all the networking companies it was the opposite -- of course most of those companies crashed and burned.
 
You must log in or register to reply here.
Back
Top