Some IPO especially tech stock is opportunity for pre-ipo investors to cash out rather than for public participation.

Yup! Exactly. The IPO market is like a lottery. Even if one is lucky enough to strike the jackpot, there's nothing written in the wall that the lucky strike will even win money!
If bad cow luck, you strike a lousy ipo like SengHeng, one will end up losing money!
and yea... then of course, if one delve deeper, then there's the world of the discount for the big boys.

Yup. That's what they all said. Do read that link posted earlier:

So many big names, yes? So many valuations done on them, yes? And yet... these stocks failed big time and let their IPO investors down. So was it a question that the market did not know how to value those stocks?

End of the day... it is what it is. One can lose money in an IPO and they are cases where one can turn into long term investor and yet despite holding the stocks for a long time, they are still losing money!

That's my message.

Well of course la but how many of us can dare say their valuation skills is better?

Anyway, the analyst report valuation was used as a simplistic example on how even they could get it so wrong.
And of course to complicate things further, many do get rich betting and when they strike an ipo allocation. Some of those local ipo do fly. That's a fact.

Performance of newly listed stocks since 2021...



But forget us not that there are incidents where big name IPO die big time! Strike the wrong IPO and one will be a big water fish!

The topic of this thread is called ipo stocks CAN die one. It doesn't say SURE die.
Rely on other ppl? Lol. If it works for u, go ahead.

And yeah, if you have your own niche in betting on ipo stocks and winning, stick to it.....
Ps.. My excel table included in that post DOES highlight a lot of IPO winners.