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have you ever seen an IPO not plummet immediately after opening? serious question, i wouldn't call myself an experienced investor but i never have. i wouldn't t

have you ever seen an IPO not plummet immediately after opening? serious question, i wouldn't call myself an experienced investor but i never have. i wouldn't touch any IPO with a 10ft pole, especially not a company like reddit who has publicly admitted to not being profitable.

davidw 3y ago
Sometimes they go up because it 'looks good' to have them do that. Seems like really expensive advertising for the company to me to leave money on the table like that, but it is a done thing.
missedthecue 3y ago
Ebay was up 163% on the morning it went public and then continued to rocket for weeks after. Broadcast.com was even better, up 250% during its first day on the stock exchange.
- davidw 3y ago
  Those were a long time ago though... when's the last time went crazy like that?
  - aprao 3y ago
    Many of the 2021 IPOs - HOOD, COIN, etc.
rsynnott 3y ago
It's fairly common to 'pop', I would have said somewhat more common than a plummet (at least for real IPOs of real companies, ie not SPAC mergers or similar nonsense).
- davidw 3y ago
  Looks like reddit did indeed popped. I ended up being cautious and not going for it. Oh well...