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Nearly 400 traditional IPOs, along with an additional 600 special-purpose acquisition companies (SPACs), occurred in 2021, representing ~$316 billion in deal value
Two-thirds of the companies that went public in the U.S. in 2021 are now trading below their IPO prices.
In the first eight months of the year, IPO shares rose. In November, 2021’s class of IPOs was trading up 12% on average, according to Dealogic. By late December, they traded 9% below their IPO prices.
Investors fear interest-rate increases are going to happen sooner rather than later which is currently curbing the appetite for riskier assets.
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