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Better.com Suffers Miserable Stock Market Debut

Online mortgage lender Better.com has received the frostiest reception so far this year for a company making its debut on the public market. So reports Yahoo! Finance.

Better 150x150The day that Better.com’s parent Better Home & Finance arrived on the market through a merger with a special purpose acquisition company, its shares sank more than 90%.

Better, which already weathered an investigation by the Securities and Exchange Commission, confronted a difficult market for initial public offerings and SPACs along with surging mortgage rates.

Read the full article from Yahoo! Finance.

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