Hot IPOs, Cold Returns?

Don and Tom examine the coming wave of blockbuster IPOs, including rumored offerings from SpaceX, Anthropic, and OpenAI, and explain why investor excitement often leads to disappointing results. Drawing on research from Dimensional Fund Advisors and examples such as Uber, Facebook, and Groupon, they discuss the historical underperformance of IPOs and the dangers of buying into hype. They then answer a listener’s question about assets-under-management fees, explaining the broader planning, tax...

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Hot IPOs, Cold Returns? is an episode from Talking Real Money - Investing Talk by Don McDonald.

This episode is 28:14 long.

This episode was published on Jun 10, 2026.

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