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Did Alibaba, Box And Fitbit Peak At Their IPOs?

Apple Inc. NASDAQ:AAPL, Alibaba NYSE:BABA - Did Alibaba, Box And Fitbit Peak At Their IPOs?

Alibaba Group Holding Ltd BABA 5.12%, Box Inc BOX 2.58% and Fitbit Inc FIT 4.08% attracted a world of attention before their IPOs, but investors have been leery ever since.

"Previously, an IPO event would signal the growth phase of the company," Global Equities Research analyst Trip Chowdhry told Benzinga. "Today IPO signals the peak of the company."

Chowdhry said that a lot of junk has been thrown at institutional investors. He said there is a limit to the belief that the public markets will bail out private investors.

"Think about it: it's [only] a matter of time [before] all these recent IPOs will probably go down," he said. "Some have and some are about to. You can look at a few examples: Alibaba...


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