The thing about IPOs

There’s been a wave of initial public offerings (IPOs) this year, what with the public trading debuts of Uber and Lyft.

Steve Sosnick, Interactive Brokers’ chief strategist, discusses what he thinks investors should look for when a new IPO is launched and what it means for the market.

Beware of the hype. Take a hard look at fundamentals and momentum. Is there a path to profitability? Trade carefully.

Photo Credit:
Chris Urbanowicz via Flickr Creative Commons