‘Frothy Market’ Lifted IPO & SPAC Frenzy in 2021, Says VerityData to MarketWatch

MarketWatch recently reported on insider activity that occurred during the tech IPO frenzy before it suffered losses. In total, insiders have sold $35.5 billion in shares of companies that went public in 2021 in the U.S., according to VerityData.

“When the market is hot you tend to get companies trying to take advantage of the frothy market for new offerings, and you saw that with the IPOs and SPACs of 2021,” says Ben Silverman, director of research at Verity.

Companies that had substantial insider sales after going public in 2021.