The Rise and Fall of 2019's Hottest IPOs
There's nothing as exciting -- and risky -- as a red-hot IPO. Investors love that new stock smell, and even if a debutante is hitting the market at an elevated valuation, there's still the flawed perception by some folks that they are getting in on the ground floor.
There have been a handful of rock stars in 2019, but most of them have cooled off lately. Well-heeled investors that warmed up to the underwriters ahead of the offerings to get in at the IPO price for Beyond Meat (NASDAQ: BYND), Zoom Video (NASDAQ: ZM), and ShockWave Medical (NASDAQ: SWAV) are still sitting on big gains, but the same can't be said for most investors who didn't have a choice but to chase these stocks higher in the open market. All three stocks have surrendered at least a third of their peak values. Let's check out the rise and the fall of each one as we try to get a handle on how to invest in IPO stocks.
Image source: Zoom Video.
Source Fool.com
