Biggest IPO Stocks of 2023 Turn Ugly, Some Dropped Over 40% From Peak Already

November 10, 2023

by Wolf Richter Wolf Street

And now the IPO window is shut again. The biggest nine IPOs of 2023.

Today was another rough day for the biggest IPO stocks that went public in 2023. It has been a lousy time to invest in IPOs for a while.

Here are the nine biggest IPOs of 2023 in terms of the valuation at the IPO price. Some are older companies that had gotten bought a few years ago by SoftBank, private equity firms, and hedge funds to be sold to the public at a huge premium. There is J&J’s spinoff. Only a few of them are startups.