[thiago_fm]

Because it's yet another very unprofitable company's IPO... with a potential "profit window" in 10 centuries, when flying cars are a reality, robots take over the earth etc.

And all of this doesn't matter because the US has injected so much money with QE and so on the economy that even an American kid's 10 year old lemonade shop is worth a few billions.

[ignoramous]

Are such IPOs any indicator of economic downturn to come?

[filoleg]

If that was the case, then the parent would have already been on their way to open a $10bil valued lemonade stand, instead of posting about it.

[eganist]

A whole vat of them in one year? Yeah, probably. Means they likely foresee difficulties securing public investment beyond the near term if they don't IPO ASAP.

Also means I'm not buying into any of them until the market slams, which I think is a common theme among many buyers considering the ever-intensifying downtrend in IPO day-1 closing price dips.