In the midst of this lifetime-highs-everywhere market, I present to you two IPO train wrecks. Clearly, if a stock can actually fall 98% in this market, the company is in such dreadful shape that even Powell can’t save it. We have Blue Apron (which I started dissing shortly after its IPO):
And once-fabled stock Groupon, whose hotly-anticipated IPO reached its highest level within moments of actually going public, and it’s been plunging ever since.
