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How To Avoid The Next Disaster After Top 5 IPOs (Public Offer) Wipe Out Rs 3.5 Lakh Crore?
When it comes to the stock market, investors tend to be a fickle bunch. This has prompted some companies, which were waiting in line to launch their IPOs, to make the most of the current situation. Zomato, a loss-making company which burns cash every year, had a market capitalization of Rs 1.4 lakh crore at its peak. That's a wealth destruction of over Rs 80,000 crore. So it would be wiser to wait until you understand the long term prospects of the company better or until the stock trades at valuations that offer some margin of safety. Source - NDTV #ipo #stock #stockmarket
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