Mark Hulbert: What Snowflake and JFrog are telling us about the IPO market now vs. 1999 No Comments Uncategorized Average IPO first-day returns is a good measure of investor sentiment. Average IPO first-day returns is a good measure of investor sentiment. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to print (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on WhatsApp (Opens in new window)