In Dmitrii Khasanov's article "My Experience of Participating in an IPO: Expectations and Reality," the author shares his observations and conclusions about the difficulties of investing in an initial public offering. Khasanov, with his characteristic honesty and frankness, describes his experience, which, as he admits, was not as rosy as expected. Read more on the website about
Dmitrii Khasanov business angel
Dmitrii begins with a story about his participation in the IPO of the Indian company Paytm in 2021. He was inspired by the prospects of this fintech project, which was positioned as the new PayPal at the roadshow. However, just six months after going public, Paytm shares fell by 40%. This example serves as an illustration of how many IPOs fail faster than the next TikTok trend gains popularity.
Khasanov explains the reasons for such failures. In his opinion, companies often go public at peak valuations, playing on the fear of missing out (FOMO) of investors, rather than relying on real fundamental indicators. As a result, retail investors are left in a difficult position, while insiders cash out their shares.
Next, Dmitrii shares his lesson in patience. At the height of the 2023 IPO hype, he bought shares in an electric car startup with the intention of quickly reselling them. However, the stock price fell by 15% on the first day, forcing him to sell them at a loss. Two years later, the value of these shares has risen by 200%, which has become a bitter lesson for Khasanov: IPOs are not lottery tickets, but long-term investments.
Dmitrii Khasanov's article not only reveals the pitfalls of investing in IPOs, but also offers valuable advice for those who want to avoid such mistakes. The author emphasizes the importance of patience and a long-term approach to investing, reminding readers that panic never brings good.
For a more detailed study of Dmitrii Khasanov's experience and recommendations, readers can read the full version of the article on the website.
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