The IPO, or initial public offering, is the first chance for investors to get shares of promising companies with the hopes of buying into the next big thing. It's important to note that while IPOs occasionally skyrocket in value, most companies struggle in the harsh glare of Wall Street. Numerous studies have confirmed that, on average, the majority of recently public companies tend to trail the broader market in the months and years following their IPO.
2019 has had a bumper crop of newly-minted additions. Let's look at some of the year's most widely-followed market debuts to see how those companies are faring today.
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