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Reuters found most top-valued IPOs from the past five years underperformed the S&P 500, raising valuation concerns ahead of SpaceX’s planned debut.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A Reuters analysis of the 50 highest valued IPOs over the past five years
00:07found that investors would have fared better in an S&P 500 index fund roughly three quarters of
00:13the time. Buyers who purchased at IPO prices averaged a 27% return through May 21st,
00:21compared to a 53% average gain in the S&P 500 over the same periods.
00:26Returns for those who bought during first-day trading were even worse.
00:31SpaceX is expected to debut next month at a $1.75 trillion valuation under the ticker SPCX,
00:39with its share sale potentially starting June 11th.
00:43At that valuation, SpaceX's price-to-sales ratio would be nearly 100, far above NVIDIA's ratio of 24.
00:50SpaceX lost nearly $5 billion last year.
00:53Among recent IPOs, Astera Labs surged over 700% and Arm Holdings about 400% since their debuts,
01:01while Rivian has slumped 82%, and Figma is down 35% from its $33 IPO price.
01:08For all things money, visit Benzinga.com.
01:11Do not please find any of those 데 t神ando Nickelhey's patrons in that category!
01:11We call them by assistants.
01:11You
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