No opinions were harmed in the making of this analysis.
The median return of -25.7% versus +39.6% for
the market is the number that should end most
IPO conversations before they start.
Totally. And for the rest, the fact that every major IPO of the past 15 years went through a 20%+ drawdown in its first year should pretty much make the point.
The median return of -25.7% versus +39.6% for
the market is the number that should end most
IPO conversations before they start.
Totally. And for the rest, the fact that every major IPO of the past 15 years went through a 20%+ drawdown in its first year should pretty much make the point.