Just more signs of a dangerous valuation bubble that is permeating in to many areas of the synthetic shadow economy. ?

Like those that came before it, this bubble shall end badly, too. ?

Be ready for the collapse. ?#BeTheChange4USA?https://t.co/2mBarywBUC

— ? ??????? ? (@vegix) July 3, 2020

Glad to see the press get educated about this. It’s really a true economic scam. Things need to change. https://t.co/8jyf7zOn9x

— Bill Gurley (@bgurley) July 3, 2020

“...At a micro level, it’s a challenge. You have bankers trying to price offerings based on some reasonable valuation multiple while the market is paying up for new names and growth.” - @glennsolomon /via @levynews @CNBC https://t.co/IFUd5pi710

— GGV Capital (@GGVCapital) July 3, 2020

Tech IPOs are being badly mispriced, as Lemonade and Agora double in market debuts - commentary from @bgurley @glennsolomon @MattOguz @lbuyer https://t.co/3Tou6jCr44

— Ari Levy (@levynews) July 2, 2020

$LMND skyrockets 130% right out of gate on NYSE debut https://t.co/KEwz3j8Ezp

— Wallace Witkowski (@wmwitkowski) July 2, 2020