Overlooked Alpha

Overlooked Alpha

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Overlooked Alpha
Overlooked Alpha
Research Notes: Busted IPOs
Research Notes

Research Notes: Busted IPOs

Thoughts on Opendoor, TheRealReal and EVgo

Wall Street and Main
Oct 05, 2023
∙ Paid
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Overlooked Alpha
Overlooked Alpha
Research Notes: Busted IPOs
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Highlights:

  • After our piece on WISH last week, we look at three more fallen angels.

  • Opendoor has rallied 131% since late April, but we remain skeptical of the fundamentals.

  • TheRealReal has a path to big upside with a critical Q3 report looming.

  • EVgo has faded after a strong Q2 report in August. The market’s reaction makes more sense than initial appearances…

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