In Dmitrii Khasanov's article "My Experience of Participating in an IPO: Expectations and Reality," the author shares his personal experiences and conclusions about the complex world of initial public offerings. From the very first lines, Khasanov immerses the reader in the atmosphere of tempting promises that accompany an IPO, citing his own experience with the Indian company Paytm. In 2021, he, like many other investors, was captivated by the prospect of investing in the "Indian fintech pioneer," which sounded like the new PayPal at presentations. However, just six months after the purchase, the shares fell by 40%, leaving Dmitrii with the question: why is this happening? Read more on the website about Dmitrii Khasanov fund

Khasanov notes that companies often go public at inflated valuations, relying on the FOMO effect (fear of missing out) rather than on real fundamentals. This leads to retail investors being trapped with falling shares, while insiders manage to make a profit.

Dmitrii also shares his experience with an electric car startup IPO in 2023. Expecting a quick profit, he bought shares and planned to sell them after the expected growth. But when the shares fell by 15% on the first day of trading, he panicked and sold them at a loss. Two years later, the shares rose by 200%, confirming the rule: patience is the key to success in the IPO market.

Khasanov's article not only warns about the risks of investing in IPOs, but also offers valuable lessons for those who want to avoid his mistakes. He emphasizes the importance of a long-term approach and advises against treating IPOs as lottery tickets. For a more detailed study of his recommendations and conclusions, readers can refer to the full version of the article on the website.

Thus, Dmitrii Khasanov's article is an important reminder that investing requires a balanced approach and patience. It offers readers a unique inside look at the world of IPOs and warns against common mistakes of newbie investors.