It’s Time To Nibble On These Two Recent IPOs
IPOs, Buy Them When They’re DownIt’s hard to know what to buy and what to sell with market conditions the way they are but it looks like a good time to start nibbling on these two recent IPOs. Bausch + Lomb (NYSE:BLCO) and PepGen (NASDAQ:PEPG) both IPOd in 2022 and have seen their shares plummet in the wake of the offering, not because they are poor companies or bad investments but simply because the market conditions changed. The takeaway is that now these stocks are trading well off the post-IPO highs and the analyst’s quiet period is over. The sentiment on Wall Street is that both of these ...