IPO stocks have underperformed the market in the mid- to long-term since 2019.

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Since 2019, IPO stocks have underperformed the broader market over the mid- to long-term, according to a chart shared by GSR’s Frank Chaparro. The data, covering 1980 to 2024, reveals a clear underperformance, particularly from 2019 to 2024. Traders monitoring altcoins may see parallels in the crypto market, where new listings often struggle to maintain momentum.

Odaily Planet Daily report: Frank Chaparro, Head of Strategic Communications at GSR, posted a chart from Apollo Global Management on X showing statistics on IPO investment returns. The chart displays the average market-adjusted returns of U.S. IPO stocks within three years of listing from 1980 to 2024, revealing that IPO stocks generally underperformed the broader market over the medium to long term—a trend that was especially pronounced between 2019 and 2024.

Frank Chaparro said: "Since 2019, participating in IPOs has been a losing bet."

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