Golden age IPO Performance

Here is a list of how some growth companies have performed which went public in the what was considered the golden age of IPOs where money and valuation was easily available.

Loss in value since IPO

1. Coinbase - 81%

2. Lyft - 87%

3. Arrival - 97%

4. Cazoo - 99%

5. Bumble - 71%

6. Astra - 94%

7. Affirm - 88%

8. Robinhood - 72%

9. Rivian - 86%

10. Coursera - 74%

As Benjamin Graham said, an intelligent investor will steer away from IPOs and ride away the tide and potential for quick profits as these are not sustainable.