SpaceX, IPO Fever and the One Mistake Most Investors Make

SpaceX's record-breaking IPO captivated investors around the world, delivering a spectacular first-day rally before giving back much of those gains.

But is chasing the hottest IPOs a winning investment strategy, or a recipe for disappointment?

Michelle Martin speaks with Paul Chew, Head of Research at Phillip Securities, to unpack fresh research comparing IPO performance across Singapore and the US.

Why have Singapore Mainboard IPOs largely underperformed while Catalist listings have delivered stronger early gains? What really happens when insider lock-up periods expire? And how should investors separate genuine long-term opportunities from market hype?

Using blockbuster listings including SpaceX, Visa, Meta (Facebook), Alibaba, Centurion Accommodation REIT, MetaOptics and Lum Chang Creations, we explore the data behind IPO investing and build a practical framework for deciding when a new listing deserves a place in your portfolio.