IPO Market Has Never Been This Forgiving to Money-Losing Firms – WSJ

Stock investors are welcoming money-losing companies into the public markets this year with open arms. About 83% of U.S.-listed initial public offerings in 2018’s first three quarters involve companies that lost money in the 12 months leading up to their debut, according to data compiled by University of Florida finance professor Jay Ritter. That is…

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Everybody Lies on Social Media—Just Ask Bankruptcy Asset Hunters – WSJ

This October, when Ido Alexander saw photos a young man had posted on social media, he thought he had hit the bankruptcy jackpot. Mr. Alexander, a Florida lawyer working for a court-appointed trustee, dispatched an appraiser to the man’s home to inspect the expensive-looking gold chains and other jewelry he had been posing in, which he hadn’t…

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