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.

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Source Fool.com