BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s - Bloomberg.com
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- Hartnett warned that mega‑IPOs could create a bubble similar to the 1920s Roaring Twenties.
- Bloomberg reported the warning, highlighting the parallel to the historic market frenzy.
- BofA flagged the rapid rise of mega‑IPOs as a market‑valuation risk, echoing concerns from the 1920s era.
Why it matters: Investors in upcoming mega‑IPOs and their underwriters face heightened risk of a market correction, while short sellers profit from overvalued shares; the warning signals that valuation multiples are unsustainable, prompting possible re‑pricing of equity.
