IPO Chamber of Horrors

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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.

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The conclusion from all this? Simply that IPO, as the old saw goes, really does mean It’s Probably Overpriced.