Like the big indexes, stocks of recently public companies flirted with an overall loss for the year today.
They ended just higher, but their performance is still sharply lagging the last two years—and that could be a warning sign for IPOs to come.
Analysts say a number of factors are contributing to the slowdown. “The vacuum in new tech filings…may be related to market turbulence, a focus on biotech [IPOs] or Alibaba fatigue,” said Rett Wallace, CEO of Triton Research LLC, which provides research on companies going public.