The risk of believing the IPO hype

Level of noise surrounding IPOs 'deafening'

IPOs have a way of garnering investor attention.

As an investment analyst, the phone rings off the hook with 'well-meaning' bankers providing updates on the latest hot listing, and diaries fill up with meeting requests. Post-listing, it is amazing how these roadshows dry up.  Unicorns, IPOs and the fear of repeating the late 1990s Some can be good investments, but most often the risks outweigh the reward. There are many reasons why the barrier to investing in an IPO should be higher than simply purchasing shares on the secondary market. But there are a few key lessons that we have learnt from 26 years of investing around the g...