Whether an IPO debuts at a profit or loss on listing depends on how well investors receive it. IPOs with strong investor buying interest are usually listed at a premium, while IPOs with low investor demand may be listed at a loss. This report contains the 10 worst-performing or least successful IPOs of 2025 which were listed at a loss or listed at a very marginal gain.
Below are the 10 biggest IPO losers of 2025 with listing day losses. The IPOs of these companies were listed at a price below the offer price.
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