Lafont: 2021 IPO cohort is down 50% after five years
Thomas Laffont · IPOs and SPACs are Back, Mag 7 Showdown, Zuck on Tilt, Apple's Fumble, GENIUS Act passes Senate · Jun 21, 2025 · at 1:22:19
Coatue founder Thomas Lafont reviews long-term performance data for recent public tech market vintages on The All-In Podcast.
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“If you look at the cohort of companies that went IPO in 20, 21, right? And I'm actually not including SPACs in this particular analysis, right? If you look at that cohort T plus one year, The cohort was down about 40% on average, right? Okay, fine. Maybe they went up too high. 2021 was a peak. They didn't do well in one year. T plus five years, it's down 50%.”
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