Jay Ritter

“University of Florida's Prof. Jay Ritter... noted that while the first day price jump for IPOs this year has been above historical averages, aftermarket performance has been disappointing.”

“Historically, the majority of companies that go public underperform the market in the first three years, according to analysis from University of Florida finance professor Jay Ritter.”

“Probably, the price is going to jump on the first day, but if it starts deteriorating before Anthropic and OpenAI go public, that's going to make it much tougher for these companies to get as high a valuation at the offer price as they otherwise would.”