Do with this information what you will

Until today (presumably) Alibaba was the largest U.S. IPO. In the 12 years since, it is up roughly 19% (excluding dividends). Figma IPO'd at the end of July last year and is now down 85% (which, quite frankly, is hard to do considering the way the market has moved in that time. CRWV also IPO'd last year and is up 150%, which makes sense (to me) because they align with what's been hot the last 18-24 months. Its also one of the very few I can think of that didn't immediately dip prior to running, although it has come down quite a bit from its all-time high. My bag of RIVN is down about 90% post-IPO. (I thought it was as sure of a bet as anything at that time.) History says most IPOs don't beat the market, but the ones that do often do so quite handsomely. As stated above, I only own RIVN out of the ones listed, and do not plan on ever buying an IPO again.