4 ms·
46% of 2015 Tech IPOs Are Underwater, 62% Under Their First Day Closes
- mikestew 10y agoI'm too lazy to go find a source, but this is about on par with IPOs in general by my recollection. In fact, for all IPOs, I thought the number was even higher than that. But my number comes from ten or so years ago, and it comes from an unreliable memory. EDIT: well, here's one article pinning it at 68%. But it still seems tech-heavy, and it's the Huffington Post, so take it FWIW. http://www.huffingtonpost.com/2011/10/10/2011-ipos-are-underwater_n_976291.html http://www.huffingtonpost.com/2011/10/10/2011-ipos-are-under...
- SamReidHughes 10y agoYou would expect an efficient market to set prices such that they have the same EV as other options, so this is not surprising or disappointing. And you'd expected the median to be a money-loser if there's a skewed distribution.