“It’s been a big year in IPO land. It feels like the irrational exuberance in the IPO market that we saw in the tech bubble. But in fact, the money left on the table, which the difference between the IPO price and the first day stock price, at both DoorDash and Airbnb, is close to what we saw in the IPO market just last year. Plus, while DoorDash was up over 80% and Airbnb up over 100%, the top five IPOs this year on opening day were up over nearly 200%.” Natasha Lamb, managing partner and co-founder of Arjuna Capital as interviewed on CNBC‘s Squawk Alley, December 11, 2020.
Watch the full interview below.