A new wave of listings is arriving just as history reminds investors that many newly public companies endure painful drawdowns before proving their worth.

A new wave of listings is arriving just as history reminds investors that many newly public companies endure painful drawdowns before proving their worth.

As SpaceX, Anthropic, and OpenAI eye massive IPOs, their leaders face Wall Street's scrutiny. Past market debuts offer cautionary tales, from Google's Playboy interview during a…