It’s often best to buy an investment when everyone else isn’t focused on it and bidding it up to irrational heights, advisors say
Arm's much-anticipated listing rose about 25 per cent on it's first day of trading, but has been losing steam since.. Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know. For more from Globe Advisor, visit our
Mr. Barr says he has found that when there’s a flurry of IPOs, the first couple of IPOs that come out can be priced attractively and investors can do well on them., which was one of the earlier IPOs in 2020 and is still trading at almost twice its IPO price, whereas other IPOs that followed have subsequently not done as well.
“We always look at market conditions and whether the environment is attractive,” says Bruce Campbell, founder and portfolio manager at StoneCastle Investment Management Inc. in Kelowna, B.C. “If it’s a higher growth company, we try to figure out what they have that is going to make it attractive, or not.”
“I believe there is often a history of hype around IPOs, and advisors and their clients need to be careful to not get run over by the hype train,” says Jeff Hull, senior financial advisor with Manulife Securities Inc. in Toronto.
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