Here are a few of the creatures that went public in 2021 where Goldman Sachs was the lead left bookrunner and that have now imploded. They’re included in my sampling Imploded Stocks .Shown is the current share price and the decline from peak:

• Vroom [VRM]: $1.90; -97%
• Robinhood [HOOD]: $10.99; -87%, which Goldman finally cut to “sell,” LOL
• Stich Fix [SFIX]: $9.55; -86%
• Bumble dating app [BMBL]: $25.63; -70%
• Olaplex hair care [OLPX]: $14.96; -50%
• Figs hospital scrubs etc. [FIGS): $18.37; -63%
• Compass real estate tech [COMP]: $5.98; -73%
• Clear Secure [YOU]: $28.33; -57%

Goldman Sachs, when it announced Q4 earnings three months ago, disclosed that it set aside $17.7 billion for employee compensation expenses in 2021, up by 33% from 2020, for an average of $404,000 per employee. Still doing “god’s work,” as then-CEO Lloyd Blankfein said so eloquently in 2009.

The 2021 Creatures of Goldman Sachs: its IPOs, SPACs, Direct Listings Are Imploding after Bonuses Spiked to a Record | Wolf Street