IPOs Have Underperformed the Market Since 2019 – Apollo Reports - Tekedia

Apollo Global Management says IPOs launched since 2019 have broadly underperformed the market.

Many recent listings have posted large market-adjusted losses over three years, hurt by rich debut valuations and higher rates.

Competition from AI-fueled mega-cap stocks has also made it harder for fresh listings to beat benchmarks.

A few standouts, including Airbnb, Snowflake, Arm Holdings, and Circle, have bucked the trend.