
IPO hype fizzles in 2025 as 3 out of 4 new entrants sink below offer price
The downturn in the secondary market has also spilled on to the newly listed companies in 2025 as two of three IPOs are trading below the issue price. Out of the 52 IPOs, including from the SME segment, nearly 45 delivered returns less than 5%, while 40 of …