These Are The Ten Worst-Performing IPOs In 2022 So Far

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By Aman Jain. Originally published at ValueWalk.

worst-performing IPOs in 2022 so far

After record IPO activities in 2021, the volatile market scenario has significantly slowed IPO activities this year. Rising inflation and fuel prices, as well as certain global events, have resulted in volatile market conditions. Moreover, most companies that already went public this year, aren’t performing very well. All such factors have pushed many companies to re-think their IPO plans. Let’s take a look at the ten worst-performing IPOs in 2022 so far.


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Ten worst-performing IPOs in 2022 so far

For our list of the ten worst-performing IPOs in 2022 so far, we have considered the companies that went public in 2022. We have ranked these stocks on the basis of their to-date performance. Following are the ten-worst performing IPOs in 2022 so far:

  1. Excelerate Energy

Founded in 2003 and headquartered in Texas, this company offers floating LNG solutions, including a full range of flexible regasification services. Its shares are down almost 1% in the last one month but are up almost 1% in the last five days. Excelerate Energy Inc (NYSE:EE) went public in April. Its shares are currently trading around $25.10, and as of writing, it had a market cap of more than $2.50 billion

  1. Bausch + Lomb (-12%)

Founded in 1853 and headquartered in Rochester, N.Y., this company makes and supplies eye health products, including contact lenses, lens care products, medicines and implants for eye diseases. Its shares are down over 1% in the last five days. Bausch + Lomb Corp (NYSE:BLCO) went public earlier this month. Its shares are currently trading around $17.74, and as of writing, it had a market cap of more than $5.70 billion.

  1. SoundHound (-35%)

Founded in 2021 and headquartered in Wilmington, Del., this company develops, owns and commercializes voice, sound and natural language artificial intelligence technologies. Its shares are down over 28% in the last five days. SoundHound AI Inc (NASDAQ:SOUN) went public in late April. Its shares are currently trading around $4.80, and as of writing, it had a market cap of more than $1.20 billion.

  1. Aclarion (-36%)

Founded in 2008 and headquartered in San Mateo, Calif., it is a healthcare technology company that offers magnetic resonance spectroscopy (MRS), and a proprietary biomarker. Its shares are down almost 36% in the last one month but are up almost 20% in the last five days. Aclarion Inc (NASDAQ:ACON) went public in April and priced its IPO at $4.35. Its shares are currently trading around $1.78, and as of writing, it had a market cap of more than $11 million.

  1. Bright Green (-38%)

Founded in 2019 and headquartered in Florida, this company sells cannabis commercially for research and manufacturing purposes. Bright Green Corp (NASDAQ:BGXX) went public in May (earlier this week). Its shares are currently trading around $13.35, and as of writing, it had a market cap of more than $7.60 million. Bright Green went public through the direct listing method.

  1. Edible Garden AG (-39%)

Founded in 2020 and headquartered in Belvidere, N.J., this company operates as a next-gen controlled environment agriculture (CEA) farming company. Edible Garden AG Inc (NASDAQ:EDBL) uses traditional agricultural growing techniques along with technology to grow fresh and organic food. Its shares are down almost 4% in the last five days. Edible Garden went public in May and priced its IPO at $5 per share. Its shares are currently trading around $1.81, and as of writing, it had a market cap of more than $14 million.

  1. Sharps Technology (-42%)

Founded in 2017 and headquartered in New York, it is an innovative medical device company. Its shares are down over 17% in the last one month and over 3% in the last five days. Sharps Technology Inc (NASDAQ:STSS) went public in April and priced its IPO at $4.25 per share. Its shares are currently trading around $1.25.

  1. Austin Gold (-53%)

Founded in 2020 and headquartered in Vancouver, Canada, it is an exploration company. Its shares are up over 14% in the last five days. Austin Gold Corp (NYSEAMERICAN:AUST) went public earlier this month and priced its IPO at $4 per share. Its shares are currently trading around $2.05.

  1. Expion360 (-57%)

Founded in 2016 and headquartered in Redmond, Ore., this company designs, assembles, makes and sells lithium iron phosphate (LiFePO4) batteries and related accessories. Its shares are down over 18% in the last one month and over 2% in the last five days. Expion360 Inc (NASDAQ:XPON) went public in March and priced its IPO at $7 per share. Its shares are currently trading around $3.4, and as of writing, it had a market cap of more than $20 million.

  1. Tenon Medical (-79%)

Founded in 2012 and headquartered in Los Gatos, Calif., it is a medical device company that aims to optimize sacroiliac joint fixation/fusion surgery and its corresponding outcome. Its shares are down over 26% in the last five days and as of writing, it had a market cap of more than $60 million. Tenon Medical Inc (NASDAQ:TNON) went public in April and priced its IPO at $5 per share. Its shares are currently trading around $5.

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