Council Post: The Biggest Lesson Of IPO Summer: Patience Still Pays

After an IPO summer filled with high-profile debuts, Katie Klingensmith of Edelman Financial Engines says the next wave is still building—and investors may be tempted to chase hype instead of thinking portfolio-first. She warns that an IPO boom can trigger FOMO, pushing people to buy new listings without considering valuation, fit, or how the position complements what they already own. Klingensmith notes how familiarity can tilt expectations before markets test pricing, citing Morgan Stanley survey data showing 75% of retail investors increased interest in private-company exposure in the prior six months. She uses SpaceX’s record-setting launch and later pullback toward its $135 offer price as a reminder that public trading can shift fast.