It remains beyond me while the public dives into IPOs in the throes of a bull market. Below are some of the widely-hyped public offerings over the past year or so, shown in percentage form. The results speak for themselves. And keep in mind, this was in the context of a raging bull market. Imagine what these will look like six months from now.
The conclusion from all this? Simply that IPO, as the old saw goes, really does mean It’s Probably Overpriced.