Laffont: The 2021 IPO cohort is down 50% five years later
Thomas Laffont · Coatue’s Laffont Brothers. AI, Public & VC Mkts, Macro, US Debt, Crypto, IPO's, & more | BG2 · Bg2 Pod · Jun 20, 2025 · at 37:16
Thomas Laffont (Coatue) reviews proprietary slide data on tech IPO performance and public market returns since the 2021 ZIRP peak.
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“One of the data points that shocked me re-looking at this is that the twenty-twenty-one cohort Within one year of going IPO was down 40%, and five years later is down 50%.”
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