TSX:FR 9 January 2026 - 30 January 2026

June 29, 2026, 3:49 PM EDT. Initial public offerings (IPOs) can tempt investors chasing fast returns, but records show IPOs lag big indexes such as the Russell 3000. Dimensional Fund Advisors tracked IPOs from 1992 to 2018 and found they trailed by 2.2% over the first year. Insiders and banks often set prices to suit themselves, so public investors rarely get full access to IPO shares at the offer. Academic research points out that the best IPO allocations usually never make it to the wider public. New listings also tend to struggle with a wave of capital after going public, which often works against retail investors. These points make it clear: investors should think twice before expecting quick wins from IPOs.