> I'd fathom that at least half the time it's insiders dumping garbage on the public What is the data you have to back this? Goldman Sachs analyzed 4,481 U.S.

> I'd fathom that at least half the time it's insiders dumping garbage on the public What is the data you have to back this? Goldman Sachs analyzed 4,481 U.S. IPOs over the past 25 years and this is one of their conclusions: "Since 2010, IPOs with annual sales growth greater than 20% have been more likely to outperform Russell 3000 over three years than a comparable, slower-growing IPO" Jay Ritter, professor at University of Florida, has a great table [1] that shows that companies with $100m in ARR who IPOed from 1980-2018 (n=3,299) have an average of 40.8% in returns on a buy and hold strategy 3 years after IPO, compared to 0.8% from the market. More data here: [0] https://www.barrons.com/articles/money-losing-ipo-stocks-can-still-be-winners-look-at-the-data-51567764900 https://www.barrons.com/articles/money-losing-ipo-stocks-can... [1] https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.... https://www.goldmansachs.com/insights/pages/top-of-mind/the-ipo-spac-tacle/report.pdf https://www.goldmansachs.com/insights/pages/top-of-mind/the-... https://site.warrington.ufl.edu/ritter/files/2015/06/Why-Has-IPO-Underpricing-Changed-Over-Time-2004.pdf https://site.warrington.ufl.edu/ritter/files/2015/06/Why-Has...