More than half of IPOs fall below their price in the first year and AFAIK it’s something like more than half underperforming market over the first five. Basica

More than half of IPOs fall below their price in the first year and AFAIK it’s something like more than half underperforming market over the first five. Basically an IPO is a bad bet for a five year position. But SPCX is especially bad.