SpaceX in a matter of weeks went from $135 to $225 to $154
This means most people who invested above $154 are losing money
When you are investing in IPOs, most insiders who invested in previous private equity rounds are excited to "exit" and "take profit"
This is why IPOs are very difficult to trade
Most of the tech IPOs I observe go down in 6-12 months after IPO.
Firms on wallstreet calls it - Price Discovery. But to me, it is just insiders liquidating their positions to retail investors
This is why I avoid new IPO until the dust settle
It is possible that you bought at $135 and sold at $200. But you need to be quick on your feet and monitor the market very closely.
Cheers,
Eric
Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
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