Thread by @rhemrajani9

7 years, 8 IPOs - couple things I learned

- In hindsight buying these companies around the IPO produced exceptional returns ➔ (𝗹𝗼𝗻𝗴 𝘁𝗲𝗿𝗺 🧵)
- The narrative probably stated they were overvalued the entire way ➔ (𝗰𝗼𝗻𝘃𝗶𝗰𝘁𝗶𝗼𝗻 🧵)

🧵 below

1/ 2014 : $BABA

IPO open price for retail - $92.70
estimated market cap at IPO - $~225b

Close price on 6/18 - $212.30

Do I own: No

2/ 2015 : $SQ

IPO open price for retail - $11.20
estimated market cap at IPO - $~4b

Close price on 6/18 - $237.05

Do I own: Yes

2a/ 2015 : $SHOP

IPO open price for retail - $17
estimated market cap at IPO - $~1.3b

Close price on 6/18 - $1466.87

Do I own: No

3/ 2016 : $TWLO

IPO open price for retail - $23.99
estimated market cap at IPO - $~2.5b

Close price on 6/18 - $367.61

Do I own: Yes

4/ 2017 : $SE

IPO open price for retail - $16.25
estimated market cap at IPO - $~4b

Close price on 6/18 - $282.49

Do I own: Yes

5/ 2018 : $SPOT

IPO open price for retail - $165.90
estimated market cap at IPO - $~29b

Close price on 6/18 - $247.64

Do I own: No

6/ 2019 : $NET

IPO open price for retail - $18
estimated market cap at IPO - $~5.25b

Close price on 6/18 - $101.68

Do I own: Yes

7/ 2020 : $BEAM

IPO open price for retail - $24
estimated market cap at IPO - $~1b

Close price on 6/18 - $85

Do I own: Yes

8/ Looking back I should've bought in all these closer to IPO had I formed the conviction and blocked noise.

Thread that may help with forming conviction:

https://twitter.com/rhemrajani9/status/1397284983035805696?s=21

9/ These are just some of the names that showcase the benefit of long duration investing, there are SO many more. My goal is to find the best companies and not sell for as long as I can.

Thread on long duration investing:

https://twitter.com/rhemrajani9/status/1402021335744847876?s=21

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