2 days ago, I blogged that the IPO market died. It’s died, like every business cycle in the past…so I’m sure, it will be back from the dead, in the next bull.
In that post, I said I wanted to see data going back 20 years…about a day after my post, John E. Fitzgibbon Jr. at IPOScoop.com e-mailed me the monthly IPO data going back a few decades. So, I plotted some of it, against the S&P.
(click to enlarge)
This chart proves, that sooner or later the cost of equity will inevitably fall. And that top, I had no idea (prior to my CFA candidacy) will line up with the top of the next bull…as its lining up with the bottom in stocks now.