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Debunking the IPO: It's Probably Overpriced meme
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Earlier this week, I was able to sell SGP (breakeven) and KEEPR (50% gain) and decided to review the previous IPO/FOOs I participated and how they performed.

Stock Realized P/L Days until Sold
SGP 0 1153
KEEPR 50% 1141
REDC 50% 171
FCG 18% 2
SPNEC 50% 26
CNVRG 50% 284

I also still have the following in my portfolio:

Stock Unrealized P/L
XG 40%
CREC 28%
ALTER -18%
ASLAG -46%

I allocated a fixed amount of money for all, so I am currently at net profit. The realized gains I made through IPO/FOO are just at par with what I made from buying then selling in the market. It does not take into account the dividends I received, though it was mainly SGP and KEEPR that gave modest divs.

I also participated in all REIT IPOs, but my long-term plan is to just keep them and harvest just the dividends. But even if I include them in the picture, I'm still in the green.

Stock Unrealized P/L
AREIT 49%
DDMPR -53%
FILRT -58%
RCR -9%
MREIT -18%
CREIT 20%
VREIT 3%
PREIT 45%

As you might have noticed, I did not participate in every IPO/FOO event. One should not get FOMO'd easily, and still do their due diligence before investing their hard-earned money.

One should also exercise patience. and stick to the plan. I invested for the long term, but there were times when I felt I should cut loss already. As an example, I was at one point down 33% with KEEPR, -20% with CNVRG but good thing I still kept them.

Of course, there should also be a plan B in case the original plan won't work anymore. In this case, I wasn't sure if I wanted to keep SGP or makalabas lang ng buhay. Time will tell if I made the right decision to sell at breakeven, as it now currently down 10% from its IPO price. Or maybe I could reenter at a lower price, we'll see.

How about you, what's your experience with IPOs?

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3 weeks ago