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Should You Buy Onion Global After Its Busted IPO?

·5 min read
Should You Buy Onion Global After Its Busted IPO?
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Onion Global (NYSE: OG) has been one of the worst tech IPOs of 2021. Investors' turn from growth to value stocks amid inflation fears and a focus on reopening plays this year, regulatory headwinds for Chinese stocks in both China and the U.S., and the previous failures of other small Chinese e-commerce companies all cast a dark cloud over Onion's IPO. Are investors too skeptical about Onion's prospects, or should they continue to avoid this busted IPO?