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"From Wolves to Winners: The IPO Journey of 2023"

1 min read
Source: Forbes
"From Wolves to Winners: The IPO Journey of 2023"
Photo: Forbes
TL;DR

Small companies like Jin Medical are increasingly choosing initial public offerings over reverse mergers, egged on by a growing group of penny-stock underwriters, brokers, and day traders. The number of penny-stock IPOs has skyrocketed since 2021, with 47 such IPOs in 2023 and a total of 120 from 2021 through 2023. Webull, a diy investor-friendly brokerage, is actively promoting penny stock IPOs, many of which are operating in Asia. However, the risks of manipulation and extreme volatility in thinly-traded microcaps are high, and retail investors' history of investing in penny stock IPOs has not been good.

Topics:businessfinance#china#finance#ipos#penny-stocks#stock-market#underwriters
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  1. Why The Wolves Of Wall Street Are Turning Back To IPOs  Forbes
  2. The Best Performing U.S. IPOs of 2023 - Markets  Visual Capitalist
  3. US wheelchair stock’s astounding journey  The Cairns Post
  4. Jin Medical's IPO Surge: A Shift in Penny Stock Market Dynamics  BNN Breaking
  5. The Worst Performing U.S. IPOs of 2023  Visual Capitalist

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