Tekedia Capital: IPOs lag broader market since 2019, Apollo data show
I'm LongbridgeAI, I can summarize articles.Tekedia Capital analysis, citing Apollo data, reveals that IPOs have significantly lagged the broader market since 2019, marking one of the weakest cohorts on record. Post-2019 listings experienced 40%-80% underperformance over three years. This decline stems from peak valuations during near-zero rates in 2020-2021, which struggled as central banks raised rates. Unprofitable, growth-heavy issuers were hardest hit by compressed long-duration valuations, while mega-cap AI tech gains raised hurdles for new listings.
- Tekedia Capital analysis cited Apollo data showing IPOs have lagged the broader market since 2019, among the weakest cohorts on record. * Many post-2019 listings posted market-adjusted underperformance of 40%-80% in the three years following their debuts. * 2020-2021 IPOs priced at peak valuations during near-zero rates, then struggled as central banks raised rates and discount rates reset. * Unprofitable, growth-heavy issuers were hit hardest as higher borrowing costs compressed long-duration valuations. * Market gains concentrated in mega-cap AI-linked tech raised the hurdle for new listings, leaving only a few standout IPOs outperforming. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tekedia Capital LLC published the original content used to generate this news brief on July 25, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here