By Teeka Tiwari
I worked on Wall Street for 15 years as an executive and then another 10 years as a fund manager.
In 1991, I was the youngest vice president in Shearson Lehman history. And for anyone who doesn’t know, Shearson Lehman was a key player in the initial public offering (IPO) market for a century.
From Shearson Lehman, I went to Cowen & Co. It was recently ranked one of the top IPO banks in the world.
In all that time, I learned a lot about the inner workings of Wall Street. And the biggest lesson was that you never believe what Wall Street says… you look at it what it does instead.
Right now, Wall Street is in love with initial public offerings (IPOs). That’s when a private company lists its shares on a public exchange like the NYSE or Nasdaq.
Last year was the biggest IPO boom on record. More IPOs doubled in their debuts than in any year since the tech boom… And I believe 2022 could be even bigger.