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Puru Saxena, investment commentator and ex-fund manager at FinTwit, suggests it is preferable to invest in an IPO after a significant drawdown.
He points out that historically, the average IPO drawdown has been approximately 55 percent.
Saxena has recently highlighted substantial losses in global equities, noting the KOSPI’s 9 percent drop and subsequent trading halt. He has also discussed changing investor sentiment, reporting a shift from bullish to bearish views in AI stocks. These remarks come as he comments on optimal timing for IPO investments after large drawdowns.