Fools Rush In: Investing In IPOs by Perry J. Kaufman
Many people rue the day that they passed up an opportunity to buy an IPO that went on to make investors millions. How often do IPOs pay off? And when they do, how long does it take? Well take a look at what some of the data says.
If we had bought Google shares at $100 on the close of the day the IPO began trading in August 2004, we would have had a profit of 1,035% when it split 2:1 on April 2, 2014. The price on April 22, 2020 was $1,406, up from $568 for another gain of 1,487% ...