Half of 2021's IPOs are Trading Below Their Debut Price
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In a year of record-setting initial public offerings, some companies are taking the initial part a little too seriously.
New data shows shares in almost half of all companies that raised $1 billion or more through an IPO this year are now trading for less than their debut price. It's the latest indication that private company valuations are more sizzle than certainty.
Source Fool.com
