Monday, 28 August, 2023

Better.com's Public Debut Faces Challenges, Shares Plummet

Online mortgage lender Better.com experienced a challenging debut on the stock market. The company's shares tumbled during its initial public offering (IPO), raising concerns about its market performance. This comes amid increasing scrutiny of SPAC (special purpose acquisition company) mergers and their valuation methods. Better.com's debut reflects the broader uncertainties surrounding the IPO market and investor sentiment in the fintech sector.