In Graham’s ‘Intelligent Investor’, he refers to IPOs as ‘Imaginary Profits Only’.
This made me curious about the performance of IPOs in India, and sure enough, tracking new listings over a 10 year period, it turns out that:
1. Frequency of new listings increases as a bull market peaks
2. 3 out of 4 IPOs in India have lost money
2 replies on “India’s IPO Market is heating up”
In Graham’s ‘Intelligent Investor’, he refers to IPOs as ‘Imaginary Profits Only’.
This made me curious about the performance of IPOs in India, and sure enough, tracking new listings over a 10 year period, it turns out that:
1. Frequency of new listings increases as a bull market peaks
2. 3 out of 4 IPOs in India have lost money
Here’s the IPOs: Imaginary Profits Only
It’s Probably Overpriced!