IPOs Had a Record 2021. Now They Are Selling Off Like Crazy. Two-thirds now sit below their offer prices

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www.wsj.com/articles/ipos-had-a-record-2021-now-they-are-selling-off-like-crazy-11640773806

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Looming behind a record-breaking run for IPOs in 2021 is a darker truth: After a selloff in high-growth stocks during the waning days of the year, two-thirds of the companies that went public in the U.S. this year are now trading below their IPO prices.

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Traditional initial public offerings raised more money than ever before in 2021, as startup founders and early investors tried to cash in on sky-high valuations. In the first eight months of the year, IPO shares rose. In November, 2021’s class of IPOs were trading up 12% on average, according to Dealogic. By late December, they traded 9% below their IPO prices.

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The IPO market, full of volatility and companies of all shapes and sizes, is hard to track as a whole. So we plotted every traditional IPO of 2021 and mapped out how they performed for the entire year to illustrate what happened with the market. Here is what the data show.:

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