The Tilray Inc. (NASDAQ: TLRY) IPO was a massive winner in 2018, bringing investors peak gains of more than 500% between the IPO in July and today (Dec. 4, 2018). Now, investors are anxiously awaiting their chance to own Airbnb stock in hopes of similar returns.
The online lodging service just hired a new CFO on Nov. 26, a move that suggests the Airbnb IPO is imminent.
But should you use your hard-earned money to buy Airbnb stock in 2019?
It's true there have been some big winners in the IPO market over the last year…
As we mentioned earlier, shares of Tilray Inc. opened at $17 on July 19, 2018, and are now trading for $102.45.
That's a profit of 502%.
But there were also 10 other triple-digit winners in the past 12 months.
|Company||IPO Price||Current Price||Return %|
|Inspire Medical Systems||$16.00||$47.89||199.31%|
Of course, not every IPO leads to triple-digit returns…
Take biotech company Genprex Inc. (NASDAQ: GNPX) for example. Shares of GNPX opened at $5.00 on March 29, 2018.
However, shares are now trading at $1.39 per share, a loss of 72.20%.
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Shares of the online insurance marketplace, EverQuote Inc. (NASDAQ: EVER), have dropped 66% since June 28, 2018.
In fact, 49 companies went public in the last 12 months that have had their stock price drop by 26% or more, according to IPOScoop.com.
Will Airbnb be the next Tilray and provide 500% returns, or will shares plummet 72% like GNPX?
Here's what you need to know…