Research Notes: Busted IPOs
Thoughts on Opendoor, TheRealReal and EVgo
Highlights:
After our piece on WISH last week, we look at three more fallen angels.
Opendoor has rallied 131% since late April, but we remain skeptical of the fundamentals.
TheRealReal has a path to big upside with a critical Q3 report looming.
EVgo has faded after a strong Q2 report in August. The market’s reaction makes more sense than initial appearances…