from Hacker News

Better.com stock gets clobbered as it begins trading publicly down more than 93%

by remote_phone on 8/24/23, 6:52 PM with 18 comments

  • by bombcar on 8/24/23, 7:08 PM

    None of these “fancy pants” mortgage ℠ companies could beat my boring old banks

  • by the-dude on 8/24/23, 7:16 PM

    The Adyen stock collapse awakened memories for me. Now this.

    I am feeling dot-com-bust vibes. Adyen lost approx 50% and has not recovered.

    This time it is different!

  • by toomuchtodo on 8/24/23, 7:23 PM

    https://www.nasdaq.com/market-activity/stocks/betr

    Already non compliant with NASDAQ listing standards.

  • by Racing0461 on 8/24/23, 7:57 PM

    They knew, the original investors just wanted a payout with someone else holding the bag. As more index funds blindly buys stocks, we will be seeing this more and more.

  • by yieldcrv on 8/24/23, 7:13 PM

    any secondary market debut without a stabilizing bid should be avoided

    and to my knowledge, only actual IPOs have stabilizing bids

    SPAC mergers and direct listings do not, this was a SPAC merger