Rigged game

IPOs and IPOs! One after the other. Between 2021 and 2022, we witnessed more than a 100 of them. But there were no signs of them when the markets tanked. Now, when the market is reaching new peaks, they are out again like worms after the rains. This in itself shows how much rigged the IPOs are against an individual retail investor. The price of the IPOs are not set by the market but by the company and their bankers. They set the price that is best for them. But we cannot blame the company for that. Instead, we can be cautious and not invest in those prices. That

This article was originally published on July 07, 2023.