Bloomberg reports that 1 in every 20 everyday investors in a certain country are trying to buy the latest batch of tech IPOs.
To date, they’ve wagered $163 billion (and counting) for a chance to own the next Amazon.com (AMZN).
Since the supply of IPO shares are strictly limited, though, many investors are being forced to buy stock in the aftermarket, which is generating eye-popping returns.
Consider: China Literature spiked 86% in its first day of trading, easily topping the first day gain for one of this year’s earlier “hot IPOs” – Snapchat (SNAP), which rose 44%.
While this red-hot market gets even hotter, there’s another IPO that caught my attention because of its decidedly unique characteristics.
To date, only 10,991 shares have been made available to a select group of 663 investors.
That’s particularly true because it’s not hampered by a convoluted voting right structure, which ultimately doomed Snap.
Fair warning: While this IPO represents ownership in a “powerful decision-making engine” it could be the most unconventional and controversial IPO in history. But it could also be the most profitable IPO in history, too.
Believe it or not, online gambling is a $40 billion industry and growing fast. The industry’s expansion is absolutely insane. Take a look at this chart to see what I mean. It’s just further proof that when charts go insane, profits aren’t far behind… Read more »
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In a mere two years, biometric components — like facial recognition — will be integrated in 100% of wireless devices. Considering that the starting point for biometrics was virtually ZERO in 2016, 100% integration is, well… INSANE. And as this data shows, when insanity strikes, profits follow soon after… Read more »
Equifax’s stock has plummeted more than 30%, shaving more than $5 billion off its market cap. And it gets crazier… The volume on Equifax put option contracts just exploded. Check out this chart… Read more »
Irma may have just rained on Puerto Rico’s recovery parade. Power outages and water main destruction could spell doom for Electric Power Authority and Water Authority bonds issued by the island. And if those bonds default, a domino effect on other Puerto Rican bonds is likely. With that in mind, welcome to Wall Street Daily’s first ever “Natural Disasters” edition. Read more »