[Messari Research] Returns of top tech IPO's and token launches in 2019

2019 has been a busy year for high profile Initial Public Offerings as well as token launches. With the recent launch of Hedera Hashgraph ($HBAR) we took a look at how they have performed to date.

Despite only having traded for a few days, Hedera is already down 39%. While a substantial loss for early investors, it is not unprecedented even for public equities as Uber, Slack and Lyft have all lost 30% or more in their couple months of public listing. Newly launched cryptoassets as a whole have fared worst with Cosmos ($ATOM), ThunderCore ($TT), and Algorand ($ALGO) having all lost over 50% of their value since being traded. Bitfinex's exchange token ($LEO) is the exception, likely due to its value being tied to a revenue generating company.