PRE-IPO PRICES ARE IN FOR WEEK ENDING 25 NOV 2022.
A big week for Klarna. SpaceX continues to rip. But overall, pre-IPO stocks underperformed the S&P 500 last week.
Pre-IPO stocks were down 46bps last week compared to the S&P 500 up 1.6% and S&P 500 Growth up 1.1%. Historical periods do not look much better. The S&P is having a great quarter up 12.7% but pre-IPO stocks are still lagging down 1.9% quarter to date.