2022 IPO activity has been weighed down by poor returns and volatility, grinding to a halt in late February. Many of the best-performing IPOs in recent years have been hit hardest by the recent sell-off. Over two thirds of IPOs since 2019 (530 of 775) are down 50% or more from their 52-week highs.
Now that the sky-high prices of last year’s IPO boom have come back down to earth, active investors would rather pick up more shares of their strongest-conviction names than research new issuers. Already, a few battered stocks have spiked after positive earnings results. Dating app Bumble (BMBL) gained more than 40% on Wednesday after beating profit estimates, while salad chain Sweetgreen (SG) has gained 48% since last Friday after reporting strong sales growth.
Below we show a selection of IPOs since 2019 that have had some of the biggest drops from their 52-week highs. To view the table, sign up for a free trial of IPO Pro.
