In IPO Market, FOMO Replaces Fear

Did you hear that pop? Tech initial public offerings are getting loud, a little silly, and highly profitable for investors again. 

Banking app Chime’s share price jumped 37% above its IPO price Thursday, its first day of trading on Nasdaq, lifting its market cap past $15 billion. It’s the latest in a string of price pops that are helping to assuage IPO investors’ fears, and instead inject them with serious cases of FOMO.