Travis Stephens

Includes IPOs from 1980-2022 with return data through 2023. Source research: https://t.co/dLCWUBiFUc

The average 3-year buy-and-hold return for IPOs is -19.5%... A tantalizing narrative can often entrap the otherwise rational investor. IPOs tend to have significant, pseudo-indiscriminate selling within the first few years of being public...sometimes the best move is just to https://t.co/yM6kG9aJRc