Odaily reported that GSR head of strategic communications Frank Chaparro shared an Apollo Global Management chart on X tracking IPO investment returns. The chart covered U.S. IPO stocks from 1980 to 2024 and measured their average market-adjusted returns over the first three years after listing. According to the data shown in the chart, newly listed stocks have generally underperformed the broader market over the medium to long term. The pattern was particularly severe in the 2019 to 2024 period. Chaparro summed up the takeaway bluntly, saying that participating in IPOs has been a “losing bet” since 2019. The post highlighted how weak post-listing performance has stood out in recent years, based on Apollo’s long-range statistics.
Odaily reported that Frank Chaparro, GSR’s head of strategic communications, posted an Apollo Global Management chart on X about IPO investment returns.
The chart tracked U.S. IPO stocks from 1980 to 2024 and showed their average market-adjusted returns during the first three years after listing. The figures indicated that IPO stocks have generally underperformed the broader market over the medium to long term. That gap was especially sharp from 2019 through 2024.
Chaparro wrote, “Since 2019, participating in IPOs has been a losing bet.”
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