Poor IPO stock performance weighs more on new issue market

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Poor IPO stock performance weighs more on new issue market
google news

September 26, 2022 5:33 a.m. ET

Recently, public companies have been among the worst performers in this year’s stock market rout, contributing to a deep freeze in the IPO market that shows few signs of thawing.

According to Dealogic, about 87% of companies that went public in the United States last year are trading below their offer prices, down more than 49% on average at Friday’s close. In rough comparison, the S&P 500 is down 23% this year, while the tech-heavy Nasdaq Composite is down 31%.

wsj

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