Beaten Down IPOs Face ‘Negative Feedback Loop’ After Lock-Ups
StubHub signage during the company's IPO at the New York Stock Exchange on Sept. 17, 2025.
Photographer: Michael Nagle/BloombergA handful of the worst performing companies in the IPO class of 2025 are staring down the risk of a “negative feedback loop” as selling restrictions for long-term investors and management teams are lifted after earnings, according to the head of PricewaterhouseCoopers’ US listing practice.
This month, ticket seller Stubhub Holdings Inc. and cybersecurity company Netskope Inc. are facing a combination of earnings and the expiration of restrictions on insiders selling shares following their respective IPOs. The companies are among a handful whose prices have stumbled in a volatile market.