07/16/2026
Chasing a hot IPO? Chief Investment Officer Eric Sterner has a stat that might make you pause.
Speaking with Yahoo Finance and Josh Lipton, Eric pointed out that the 20 largest IPOs since 2006 have seen an average maximum drawdown of more than 60%. His advice isn't to avoid them altogether, it's to keep positions small, buy at a reasonable valuation, and think in years, not days.
https://youtu.be/ncZggVSvIqM?t=3782