Will SpaceX take over the "IPO first-day drop curse"? A significant pullback after a high-profile IPO has become a "mandatory course" in the US stock market, with Amazon.com, Inc. and Tesla, Inc. both experiencing halving.

Noted, according to the data shared by research firm Equity Clock, some of the larger IPOs in the history of the US stock market have experienced sharp declines after their public market debut, followed by long-lasting rebounds. The highly anticipated IPO of SpaceX (SPCX.US) has refocused investors' attention on newly listed companies. The data chart above tracks the largest peak-to-trough drawdown of these renowned blockbuster IPO companies after their first trading day. The results show that many spotlighted star stocks experienced a general market capitalization decline of 20% to 60% before finding a long-term bottom. Among the companies with the largest drawdowns, Amazon.com, Inc. (AMZN.US) and Robinhood (HOOD.US) led the way, with their stock prices falling by nearly 90% from their IPO highs; following them are Uber Technologies, Inc. (UBER.US), Twitter (now renamed X and delisted), and Coinbase (COIN.US). Other giants on the list include Meta Platforms (META.US), Dropbox (DBX.US), Palantir Technologies (PLTR.US), Shopify (SHOP.US), Spotify (SPOT.US), ARM (ARM.US), Tesla, Inc. (TSLA.US), Zoom (ZM.US), and Airbnb, Inc. Class A (ABNB.US), all of whom experienced significant levels of drawdown before achieving valuation repair. As this historical experience analysis is released, it comes at a time when investors are examining the prospects of the next wave of blockbuster IPOs. It indicates to the market that significant pullbacks after going public are often a common occurrence - even for companies that later bring substantial long-term returns to investors.