Recent IPO frenzy is 'unsustainable' and could end in 'many accidents,' CEO of world's largest asset manager says
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Summary
ReutersThe flurry of high-flying IPOs in 2020 is "unsustainable" and could ultimately end in "many accidents," according to BlackRock CEO Larry Fink.Fink made the comments at a virtual fintech conference, Bloomberg reported.He urging caution to investors who may feel gravitated to the excitement of recent IPO launches, saying, "The question is: Is the market pricing in too large of a forward growth rate for these companies?"Recent IPO's from DoorDash and Airbnb have highlighted the level of investor euphoria given their soaring stock prices in initial trades.
As said here by Matthew Fox