Stock investors are welcoming money-losing companies into the public markets with open arms. More than 80% of U.S.-listed initial public offerings in this year’s first three quarters involve companies that lost money in the 12 months leading up to their debut, according to data compiled by University of Florida finance professor Jay Ritter. That is the highest proportion on record, according to Mr. Ritter, an IPO expert whose data goes back to 1980.

Source: Wall Street Journal October 01, 2018 10:03 UTC