Mark Cuban Asks: Have IPOs Turned Into 'Meme Coins' As Hype, Listing Gains, Volatility Levels Collide

Investor Mark Cuban is drawing parallels between the initial public offerings of several companies in recent months and “meme coins” such as Dogecoin and the TRUMP coin, among others.

IPOs Turned Into ‘Meme Coins’

On Tuesday, in a post on X, Cuban asked his followers whether every IPO would be treated like a “meme coin” going forward.

While he fails to elaborate further, Cuban’s comments are likely referring to recent public offerings of companies such as Bullish (NYSE:BLSH), Circle Internet Group Inc. (NYSE:CRCL) and Figma Inc. (NYSE:FIG), which have experienced significant volatility since making their debut on the bourses.

See Also: Circle Announce Public Offering Of 10 Million Shares At $130 Each

Bullish listed on the NYSE 143% above its offer price, before dropping 33.8% the following week, while Circle shares rallied 864% just a ...