I don't think your interpretation is correct. This is a quote from the piece.

"The success of an IPO is a short-term phenomenon. The fund managers who were able to grab IPO shares look like geniuses, but they were taking a gamble. Tech IPOs don’t always exhibit huge first-day pops"

If your interpretation was correct, my comment would be ludicrous.  but thanks for making your remark, it forced me to think and review my position.