Valuation inflation: Why sky-high figures could come back to bite investors

Newmark’s “friends and family” offering seemed like manna from heaven. At $18 or $19 a share, it was a sizable discount from the original high of $22 that the firm’s executives boldly predicted the stock would trade at once it hit the opening bell. While all of those figures were eventually lowered, a number of brokers and executives at the company opted in, buoyed by CEO Barry Gosin’s infectious enthusiasm. “Barry owns a bunch of […]

Source link
Authentic Pre-owned Birkin bag for sale