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Many of the Companies That Went Public in the Past Year Are Trading Below Their Offering Price

Bloomberg business news

IPO Companies' Pops Don’t Persist in a Tough 12 Months

It's been a tough 12 months for initial public offerings, both in terms of volume and performance. 

Of the 35 companies that went public with a valuation larger than $1 billion and started trading in the past year, 40 percent of them have now fallen below their IPO price. Leading the declines are Fairmount Santrol Holdings Inc., On Deck Capital Inc. and TerraForm Global Inc.