TradeWeb IPO: Lyft a Cautionary Tale as TW Stock Rockets 25%

The TradeWeb IPO launched on Thursday, and shares are up over 25%. The OTC electronic trading outfit is the latest “unicorn” to go public this year, following Lyft’s highly publicized listing on the Nasdaq. As short seller’s pile into LYFT stock, it should be a cautionary tale for investors loading up on TW and its $6 billion valuation. Carl Icahn Dumped Lyft Shares on George Soros and You Never Heard About It There is an entire industry focusing on raising money through an IPO. Giant investment banks like Goldman Sachs and JPMorgan use all their resources to pump investor appetite,

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