In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong.
David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising.
Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were…
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