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Bubble Burst? IPOs Are Having Their Worst Year Since Lehman

Tyler Durden's picture




 

IPOs have underperformed the S&P 500 by a stunning 17% year-to-date, extending losses today to 26% year-to-date.

 

This is the worst year for IPOs since 2008... right as Lehman collapsed...

 

With private valuations still sky high in the minds of their VC 'guru' investors, we suspect the fact that this year is now the worst year for IPOs since 2008 will begin to raise doubts about even the most unicorn-y opportunity.

 

Charts: Bloomberg

 

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Mon, 09/28/2015 - 17:31 | 6603925 Mark Mywords
Mark Mywords's picture

Damn it! The "Since Lehman" game is now underway, and I currently have no alcohol near me.

Damn job!

Mon, 09/28/2015 - 22:27 | 6605124 Oldwood
Oldwood's picture

Since when? Since who? Since what?

Mon, 09/28/2015 - 17:34 | 6603941 PEanal_yst
PEanal_yst's picture

forget IPOs. 

 

http://www.cnbc.com/2015/09/28/gartman-time-for-bearishness-on-commoditi...

 

Gartman just went bullish on commodities, Glencore bankruptcy and oil at $20 here we come

Mon, 09/28/2015 - 17:34 | 6603943 nuubee
nuubee's picture

It's different this time, the IPOs are for celebrity-backed non-toxic-baby-gear delivery services in a culture that isn't reproducing up to replacement levels. It's sure to be a winner.

Mon, 09/28/2015 - 17:43 | 6603989 Osmium
Osmium's picture

I would assume because most companies that had an IPO in 2015 can't find the cash to buy back shares?

Mon, 09/28/2015 - 17:47 | 6604013 Glass Seagull
Glass Seagull's picture

 

 

Next business cycle peak, we'll be saying "Since Glencore."

 

Mon, 09/28/2015 - 22:28 | 6605126 Oldwood
Oldwood's picture

Since the second stone age

Mon, 09/28/2015 - 18:03 | 6604091 Sudden Debt
Sudden Debt's picture

Not just IPO's, I have stocks that I have for over 8 years that have been very stable, give a 12%, 14% and 15% dividend without stops, and they all crashed today for no reason.

We're heading into a panick mode last seen in 2008 where EVERYTHING CRASHES, GOOD OR BAD!

Mon, 09/28/2015 - 22:29 | 6605131 Oldwood
Oldwood's picture

Really? no reason?

After all of this you can say "no reason"?

Are you still clinging to the notion of fundamentals?

Mon, 09/28/2015 - 18:09 | 6604117 Wookie
Wookie's picture

Ahhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!! Oh, sorry, just spilled my scotch.

Mon, 09/28/2015 - 18:22 | 6604172 Automatic Choke
Automatic Choke's picture

I'll send you 'nother....what's your fax#?

 

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