We joined TDA Network’s The Watch List on Monday, September 30, 2019 to provide insight into the IPO market after some high profile disappointments in SmileDirectClub (SDC) and Peloton (PTON), and the news that WeWork (WE) officially pulled its IPO filing.

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The performance of recent IPOs, dating back to Lyft (LYFT) and Uber (UBER), and more recently with SDC, PTON, and WE, signal that the unicorn bubble is bursting. Investors pushing back on unprofitable business models and poor corporate governance should improve the overall efficiency of the market going forward.

This article originally published on September 30, 2019.  

Disclosure: David Trainer, Sam McBride, and Kyle Guske II receive no compensation to write about any specific stock, sector, style, or theme.

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