Reddit Had An IPO, But You May Be Too Late For Real Profits — These Pre-IPO Startups Are Statistically A Better Option [Yahoo! Finance]
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Source: Yahoo! Finance
With Pinterest being the last major social media company to go public five years ago, investor excitement over Reddit was through the roof, with shares soaring up to 70% on its debut. Buying shares at IPOs has long been a widely accepted investment strategy on the stock market. However, statistical evidence suggests that the real profits might lie elsewhere — specifically, in investing in companies before they go public Don't Miss: This Uber-for-moving startup is quietly taking the world by storm, here's how anyone can invest for a limited time Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity A Better Way It's understandable where the enthusiasm for IPOs comes from. If you invested $100 in Google, Amazon.com Inc. and Facebook at their IPOs, you would be a multimillionaire today. Despite this and Reddit's impressive debut, historical data reveals a sobering trend: Buying shares at IPO often yields lower re
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