Most hot IPOs lose money in Year 1. Will Claude maker $ANT be different?

Roadshow could start Tuesday 11/10. First trade as soon as 11/16.

Here's what the data shows:

9 of 11 big IPOs popped Day 1. Buy that close and 6 of 10 were down a year later. $META dropped 34% in its first year.

But zoom out to 5 years? 5 of 6 were up.

The lesson: IPO pops are exciting, but Year 1 often punishes early buyers. Patience wins. If you're chasing $ANT on hype, know the odds. If you're building a position with time, history tilts your way.

Day 1 euphoria fades. Structure and patience compound.