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Stock impact report

Want to Invest $1,000 in SpaceX? Here's What History Has to Say. [Globe and Mail, The (Toronto, Canada)]

Meta Platforms, Inc. - Class A (META) 
Recent mega-IPOs like Meta Platforms (formerly Facebook), Uber, and Rivian demonstrate wildly different outcomes -- from 16x returns to 80% losses. SpaceX has officially filed for what could be the largest initial public offering (IPO) in American history, targeting a valuation of $2 trillion -- making it larger than Elon Musk's Tesla . That kind of number gets investors excited, but before you set aside $1,000 for opening day, it's worth looking at what the data actually says about buying into IPOs at these kinds of valuations. What the historical data tells us about IPO performance Jay Ritter, a finance professor at the University of Florida who's spent decades studying IPOs -- his nickname is "Mr. IPO" -- has built one of the most comprehensive data sets on IPO performance around. Ritter's research shows that, on average, IPOs underperform comparable public companies, and in the first three years, lose to the broader market by nearly 20%. Will AI create the world's first t Show less Read more
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