Hundreds of companies that went public when the market for initial public offerings was booming have suffered such sharp reversals that they now face a stark reality: Their shares may never recover.

More than one in four of the nearly 600 companies that went public via a traditional IPO in 2020 or 2021—including oat-milk maker Oatly Group AB and online lender loanDepot Inc. —traded at less than $2 a share as of Friday’s market close, according to Dealogic data. Many companies that went public in the surge of mergers involving SPACs, or special-purpose acquisition companies, also are faring poorly.

Source: https://news.google.com/__i/rss/rd/articles/CBMiX2h0dHBzOi8vd3d3Lndzai5jb20vYXJ0aWNsZXMvb2F0bHktb3RoZXItZGVmbGF0ZWQtaXBvLXN0b2Nrcy1oYXVudC1uZXctaXNzdWUtbWFya2V0LTExNjcxNDE3Nzgx0gEA?oc=5