94% of 32 big US listings since 2017 closed below their first close within 252 sessions
30 of 32 with a full 252-session window · median lowest close of those 30: -40% against the first close · median close 252 sessions after the first: -2% against the first close, -18 pts against the S&P 500; 15 of 32 above the first close then · 1 of 33 left out: 1 with no daily closes on file · listings that stayed well known, so it cannot say how often a listing ends far below its offer
Markets · Calendar · SEC EDGAR prospectuses, NYSE and Nasdaq daily closes · 6 Nov 2026