#393 The Risks of Chasing IPO Gains: Ajay Bagga & Vivek Kaul
๐๐ฎ๐ท๐ฎ๐ท ๐๐ผ๐๐๐ถ๐ป๐ด ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐๐ฎ๐ ๐ถ๐๐ ๐๐ต๐ฎ๐ฟ๐ฒ๐ ๐๐๐ฟ๐ด๐ฒ ๐ฏ๐ ๐ญ๐ฏ๐ฒ% ๐ผ๐ป ๐ถ๐๐ ๐ฑ๐ฒ๐ฏ๐๐, ๐ฐ๐น๐ผ๐๐ถ๐ป๐ด ๐ฎ๐ โน๐ญ๐ฒ๐ฑ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ฟ๐ฒ๐ฑ ๐๐ผ ๐ถ๐๐ ๐ถ๐๐๐๐ฒ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ผ๐ณ โน๐ณ๐ฌ. ๐ฆ๐ถ๐บ๐ถ๐น๐ฎ๐ฟ๐น๐, ๐ฃ๐ก ๐๐ฎ๐ฑ๐ด๐ถ๐น ๐๐ฒ๐๐ฒ๐น๐น๐ฒ๐ฟ๐' ๐๐๐ผ๐ฐ๐ธ ๐ฐ๐น๐ถ๐บ๐ฏ๐ฒ๐ฑ ๐ฏ๐ ๐ฒ๐ฑ%, ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฑ๐ฎ๐ ๐ฎ๐ โน๐ณ๐ต๐ฏ ๐ณ๐ฟ๐ผ๐บ ๐ฎ๐ป ๐ถ๐๐๐๐ฒ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ผ๐ณ โน๐ฐ๐ด๐ฌ. ๐๐ฎ๐ญ ๐ข๐ฌ ๐ญ๐ก๐ข๐ฌ ๐ก๐ฒ๐ฉ๐ ๐ฃ๐ฎ๐ฌ๐ญ๐ข๐๐ข๐๐? Investor FOMO (Fear of missing out) is driving demand for IPOs. As more flock to buy shares before the listing, the price tends to soar. This, in turn, can create a self-fulfilling prophecy, as investors fear losing out on potential gains and bid up the prices even further. For retail investors punting onto equity, columnist Vivek Kaul has oneโฆ
The skinny
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