Over 150 IPOs took place in 2023. Many of these IPOs have had a rough patch so far, but others may be worth adding to investors' portfolios.
Jon Keidan, founder and managing partner of Torch Capital, joins Yahoo Finance for the latest edition of Good Buy or Goodbye and shares his criteria for IPO investing.
Keidan rates Cava (CAVA) as his “good buy,” citing the brand's strength among consumers as well as its solid financial performance and growth potential, among other things. However, Birkenstock (BIRK) is Keidan’s “goodbye”. He notes the industry's limited growth, reliance on retail wholesalers and pessimistic consumer sentiment, particularly around luxury goods.
For more expert insights and the latest market activity, click here to watch this full episode of Yahoo Finance Live.
Editor's Note: This article was written by Nicholas Jacobino
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