Three other IPOs, which I had recommended avoiding, underperformed the S&P 500 by over 20%. In my November 2015 column, I recommended four IPOs from 2015, and I recommended avoiding one (Shake Shack, ticker SHAK). Of the seven stocks that I had recommended in December 2014, two were subsequently acquired during 2016, leaving five survivors. The return underperformed the 7.3% price return on the S&P (about 9.5% including dividends). There are four IPOs from 2016 that I am recommending today: Kinsale Capital Group (KNSL), ELF Beauty (ELF), TPI Composites (TPIC), and Smart Sand (SND).

Source: Forbes November 28, 2016 14:37 UTC