Seven in 10 IPO stocks since 2017 trading underwater
Leading issuers to shelve share sales, and more issuers to do placement-only IPOs
Singapore
ABOUT seven in 10 of the initial public offerings (IPOs) in Singapore since 2017 are trading below their offer prices, despite their initial first-day "pops".
Some of the worst performers from 2017 to 2019, such as Ayondo and No Signboard, have seen 80 per cent of their stock market value evaporate since their IPOs, although this can be attributed to not just market volatility, but also company-specific factors.
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