3 IPO Blind Spots Investors Should Understand Before Chasing SpaceX

The article warns retail investors about the risks of chasing hot IPOs, using Facebook's 2012 IPO as a cautionary tale. It identifies three structural issues: unrefined analyst models, wild guidance swings, and post-IPO operational underperformance. The author advises patience, citing that waiting for hype to die down can yield significantly better returns, and recommends limiting speculative IPO investments to 5% of equity allocation.