The upcoming IPO of Ant Group has certainly left me excited — I’m personally a huge believer in the potential of fundamentally-sound companies with strong growth drivers. At the same time, putting our emotions aside, we should be wary of investing in companies at the IPO stage if they have not yet demonstrated a consistent track record of profitability. Over the week, I analysed the various reasons why much hyped-about companies at the IPO stage flopped. So let me share with you my findings behind three recent notable IPO flops: 1. Snap In March 2017, Snap Inc. IPOed with much investor excitement. Its share price surged by 10-20% within two trading days. However, tech analysts’ warning about this euphoria proved prescient as Snap’s share price tumbled by more than 50% over the next two years. It has since struggled to provide any glimpses of an attractive, long-term investment. Although...