History Says SpaceX Stock Will Do This in the Months After Its IPO
Before you chase the SpaceX hype, here's what the data says about mega-IPOs in their first year -- and it's not pretty.
Overview
The biggest initial public offering (IPO) is now history. The blockbuster public debut of Space Exploration Technologies (NASDAQ: SPCX) earlier this month more than doubled the previous record, raising $85.7 billion.
The stock has already been on quite a ride. Where does it go from here? Here's what history suggests the next year will look like.
Details
Let's start by looking closely at the biggest IPOs in history before SpaceX. The data is somewhat mixed, but the first year is rocky for three of the five.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.