Why Investors Should Say No to Tech IPOs
Investors didn’t have to wait until the later stages to beat public market shareholders. According to the report, the average annualized return for Series A investors was 63 percent, while those investing in Series B to Series D have also earned at least 50 percent annualized. From Series D and later, the upward trend in returns becomes more pronounced. On IPO day, the mean return for investors in rounds E-H and rounds A-D was 98 percent and 66 percent, respectively, according to Manhattan Venture.