We have a bunch of IPOs scheduled to hit the market very soon. On Thursday, the highly anticipated denim jean manufacturer, Levi Strauss & Co. (NYSE:LEVI) again became a publicly traded company. There are several other popular companies that are also looking to come public very soon. Some of these companies include Lyft, Uber, Pinterest, Airbnb and Palantir. Very often the overall stock market will remain strong into these important IPOs.
Proceed With Caution
However once they go public, markets will usually stage a correction or pullback. Does anyone remember The Blackstone Group (NYSE:BX)? That stock went public in July 2007 and the market indexes topped out in October 2007. Now please understand, I'm not saying we are going to face the next great recession, but we could be in store for a summertime decline. Either way, when these IPOs come out in droves it is a time for caution soon.