The 3 Best-Performing IPOs of 2020
Investing in IPOs is inherently risky, as many companies nowadays go public at exuberant valuations in order to raise as much money as quickly as possible. But if excited investors aren't careful, buying companies that recently IPO'd could quickly turn into speculation -- buying shares at an artificially inflated price based on the sole belief that someone else will buy them at an even higher price.
During market crashes, expensive stocks with long winning streaks tend to fall the hardest as investors finally come to the realization that they overpaid for their shiny new assets. As we come to grips with the possibility of a second coronavirus market crash, let's look at three of the best performing IPOs of the year so far, and ask whether or not now is the right time to scoop up their shares.
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Source Fool.com