— Jesse Felder (@jessefelder) December 29, 2021
Rivian is now @ $90…
Buy more now, or wait a little longer?
Looming behind a record-breaking run for IPOs in 2021 is a darker truth: After a selloff in high-growth stocks during the waning days of the year, two-thirds of the companies that went public in the U.S. this year are now trading below their IPO prices.
Traditional initial public offerings raised more money than ever before in 2021, as startup founders and early investors tried to cash in on sky-high valuations. In the first eight months of the year, IPO shares rose. In November, 2021’s class of IPOs were trading up 12% on average, according to Dealogic. By late December, they traded 9% below their IPO prices.
The IPO market, full of volatility and companies of all shapes and sizes, is hard to track as a whole. So we plotted every traditional IPO of 2021 and mapped out how they performed for the entire year to illustrate what happened with the market. Here is what the data show.:
h/t PANDEMIC OF THE VACCINATED