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Research Notes: Busted IPOs

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Research Notes

Research Notes: Busted IPOs

Thoughts on Opendoor, TheRealReal and EVgo

Vince Martin
Oct 5, 2023
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Research Notes: Busted IPOs

www.overlookedalpha.com
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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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