Why Warren Buffett Always Avoids IPOs

Throughout his lengthy career as an investor, Warren Buffett has always stayed away from IPOs. The one exception to this was Berkshire Hathaway’s involvement in Snowflake’s IPO last year. Q4 2020 hedge fund letters, conferences and more As Buffett hasn’t commented on the deal directly yet, I think it’s reasonable to assume that one of his investing lieutenants, Todd Combs or Ted Weschler, was responsible for throwing the conglomerate’s weight behind the deal. Apart from Snowflake, Berkshire hasn’t been involved in any notable IPOs, and Buffett has explained multiple times in the past why he tries to avoid initial public…