S&P 500 vs. IPO Performance
S&P 500 vs. IPO Performance The chart shows how IPOs have performed since 2015. Currently, investors seem reluctant to invest in high-risk, high-growth companies. Image: Richardson Wealth
S&P 500 vs. IPO Performance The chart shows how IPOs have performed since 2015. Currently, investors seem reluctant to invest in high-risk, high-growth companies. Image: Richardson Wealth
Deal Value of U.S. IPOs Goldman Sachs expects $25 billion of U.S. IPOs in 2020, less than the $40 billion average since 1990. Image: Goldman Sachs Global Investment Research
Proportion of Unprofitable IPOs The proportion of unprofitable IPOs has reached 70%, the highest level since the tech bubble 20 years ago. Image: BofA Merrill Lynch
U.S. vs. China – Number of Listed Companies, IPO There are fewer firms listed on U.S. exchanges than 20 years ago. And the U.S. has also fewer listed public companies than China. Image: Financial Times
IPO Relative Performance in 2019 The IPO market is suffering in 2019. This year’s IPO class is one of the least profitable. Image: Goldman Sachs Global Investment Research
Mission Statement Level of Bullshit vs. Stock Performance from One Year Post IPO This chart suggests that the level of bullshit in the mission statement seems to be inversely correlated to the stock performance from one year after the IPO. Image: Scott Galloway
How IPOs Are Priced? Great chart showing how IPOs are priced. IPO stands for “It’s Probably Overpriced.” You may also like “IPOs Tend to Underperform the Market.“ Image: Safal Niveshak
Unicorn’s Performance After Their IPOs A unicorn is a privately held startup company with a value of over $1 billion. The chart below shows the value today, if you had invested $1000 at the time of the IPOs. You may also like “IPOs Tend to Underperform the Market.” Image: howmuch.net
IPOs Tend to Underperform the Market The evidence shows that, despite their higher risk, initial public offerings make poor investments. You may also like “Unicorn IPOs, Are They Good Investments?“
2026 Equity Forecasts Goldman Sachs anticipates upside potential for global equities in 2026 amid a multipolar economic environment, while projecting modest underperformance for U.S. markets relative to international peers. Image: Goldman Sachs Global Investment Research
Quarterly Capital Raised by SPACs In the first half of 2025, Special Purpose Acquisition Companies raised $12 billion—a significant increase from the same period in 2024—though still considerably less than in the first half of 2021. Image: Goldman Sachs Global Investment Research