Chasing “hot” IPOs right after they debut is one of the most reliable ways for retail investors to lose money. The hype, FOMO, and early gains often reverse quickly as lock-up periods expire, reality sets in, and fundamentals are scrutinized.
To push it a further, about three in five IPOs, roughly 60%, delivered a negative *three-year* return, and nearly four in ten lose more than half their value. pic.twitter.com/C6c8ch9GsD
— TheAlphaLetters (@TheAlphaLetters) June 3, 2026