New-age IPOs: Listing-day performance proves poor guide to long-term gains

New-age IPOs: Listing-day performance proves poor guide to long-term gains



Listing-day pops for new-age companies that tapped the public market since 2024 have proven a poor indicator of their long-term returns to shareholders.Seven of 17 new-economy stocks that debuted at a premium to their issue prices now trade below them, an ET analysis of 27 companies showed. Four of the seven stocks that opened below their issue prices have since moved above them. The remaining three opened at their issue prices.Unicommerce,



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