Returns from new US listings have waned considerably this quarter and the crypto crash has made recent IPOs in the sector among the biggest casualties, creating a higher bar for companies such as
Shares of US IPOs raising more than $50 million, excluding vehicles such as closed-end funds and blank checks, have fallen an average of 5.3% this quarter, compared to the S&P 500 Index which is up 0.9%. Of those, the five crypto companies that have gone public this year are down an average of ...