The Year of the Unicorn

The video discusses the performance of IPOs, focusing on first-day returns, medium-term gains, and long-term trends. Historically, first-day returns average 18%, benefiting mainly those who invest at the IPO allocation. Medium-term returns have been strong, especially for tech IPOs, with recent IPOs outperforming the US benchmark. However, 60% of IPOs decline after five years, indicating a more uncertain long-term outlook.

What has been the average return on the first day of IPOs over the past 40 years?

What is necessary to see gains from Pinterest's IPO?

How have recent US IPOs performed compared to the main US benchmark?

What trend is observed in the tech IPO market this year?

What percentage of IPOs have declined after five years?