I assume that almost all of these are SPAC stocks, which doesn't particularly surprise me. It turns out the whole IPO process is good for price discovery, and when you bypass it, you get some bad results.
> More than one in four of the nearly 600 companies that went public via a traditional IPO
Edit: To clarify, the company that IPOs is a company like "CFII" (CF Finance Acquisition Corp. II). These companies are called SPACs, but they go through an IPO process themselves. The IPO is pretty fast because everyone knows what the shares are worth, but it is an IPO nonetheless. Most of the SPACs IPOed in 2020-2021. If they buy a company and then fail, that would probably be counted as a failure of a company that IPOed in 2020.
Just read the article…