Large IPO Prices Historically Drop Significantly after their Debut

Jun 15, 2026

IPO's over the past 45 years that debut above 40x sales underperform the market by 58% over the next 3 years. 

SpaceX IPO initial price was about 90x sales.

The lower the price to sale ratio, the better the returns long-term.

The top 10 largest IPO's price dropped an average of 35% in 6 months.

IPO's tend to issue a the end of a bull market not when stocks are cheap.

 

70% of Bank of America's bear market indicators have triggered. Bank of America officially stated it is time to take profits.

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