The blockbuster

the IPO is back companies like Arm and Instacart that are already established

important players in the American economy

they were uninvestable for the ordinary investor until now.

But if history is any guy, they might want to proceed with caution.

This week on Tech Check, why retail investors should beware the Blockbuster IPO.

Instacart is a household name.

It launched more than a decade ago

and it brought grocery shopping online.

Arm designs the chips that power 99% of all smartphones.

So it's tempting to finally own a piece of them but the

blockbuster IPOs of the last few years suggest that buying on IPO day has turned

out to be terrible timing. Airbnb snow Snowflake, DoorDash, Toast, Coupang, UIPATH, Rivian,

those are seven of the biggest IPOs of the last few years.

The retail investors that Even for the so-called smart money, the connected institutional investors that bought shares at the IPO price,

and got into the underwriters books for a coveted allotment of shares,

five out of the seven listings have been losses for them.

There's a few reasons for this.

One, tech startups.

They're staying private for longer.

In the past, companies that we think of now as big tech,

they went public when they were so relatively small.

...