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Want to make some money in 2021? IPOs are luring investors, but the risks are huge – ABC News

The stock market is booming again and with bank interest barely more than zero, some investors are looking to make “hot money”. But the risks are real, writes David…

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After “crashing” in March this year, the Australian share market is booming once more.
But within the stock market itself there is also a mini-boom occurring in initial public offerings, or IPOs.
Financial planners say their clients, sick of earnings next to nothing on their bank deposits, are handing over their cash to buy up these new stocks.
“I’d say the majority

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