After raising more than $3 billion each, they all had massive pops, further ignitingabout the IPO process and the amount of virtually free money being handed over to Wall Street and big institutions. Airbnb and Snowflake more than doubled right away, and DoorDash closed up 86%.
The story for retail investors, who weren't able to get in at the IPO price, has been very different. They were locked out of the immediate gains and have little to show for buying afterwards.
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