[gruez]

If everyone thinks there's going to be a recession, wouldn't that mean that would be priced into the IPO price? ie. if you think that there's going to be a recession in 3 months, you wouldn't plow a boatload of money into an IPO.

[ummonk]

High information investors and executives know an impending recession is probable, but low information investors will still happily plow money into IPOs.