Quintet Of Unicorn IPOs
The first four, like most unicorns, have been doing terribly, and indeed knocked out a new lifetime low in this obscenely overly-supported equity market. So let’s look at those first.
Chewy Inc (NYSE:CHWY)
Pinterest (NYSE:PINS)
SmileDirectClub Inc (NASDAQ:SDC)
Sundial Growers Inc (NASDAQ:SNDL)
There is one unicorn which, for whatever reason, is actually doing great: Peloton Interactive (NASDAQ:PTON).
ZeroHedge dubbed them “WeBike” since, like WeWork, their financials were not exactly impressive, but you can’t argue with a record high, and PTON has actually been behaving itself very well.
