Microcap IPOs Plague Retail Investors While Bankers Cash In
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Microcap IPOs in 2022 have posted disastrous returns, with shares down 65% on average.
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Investment bankers win big through fees and warrants while retail investors take the losses.
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Nasdaq is the exchange of choice for these dubious deals, lending them credibility.
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Institutional investors are largely absent, with only 4% median ownership of these stocks.
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Bankers and executives benefit through fees and compensation while diluting shareholder value.
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