I invested in a couple of IPO's in the last month and both have lost me money. Wondering if this era of making money in IPO's is over. Either they are crap and no one invests or lots of people invest and their is a rush for exists as soon as it hits an exchange.
The reason this is happening is people finally start to notice that IPO's are not profitable so they just let them dive first before they start investing in any.
In other words people start to learn.
Believe it or not, that's normal for the stock market - to the point where there's a market slogan that covers it: "In the stock market, 'used' is better than 'new.'" Case in point: there was a time when you could pick up shares of Facebook for around $25.