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Tech's latest IPOs are getting demolished, with Robinhood, Rivian, UiPath down over 70% from offer price

Summary by CNBC
An ETF that tracks the most recent IPOs has lost almost 60% of its value since reaching a high in September.

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Tech's latest IPOs are getting demolished, with Robinhood, Rivian, UiPath down over 70% from offer price

An ETF that tracks the most recent IPOs has lost almost 60% of its value since reaching a high in September.

·United States
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TechmemeTechmeme

Coinbase, Robinhood, Rivian, UiPath, Marqeta, and Toast are down 65%+ from their IPO; over half of 53 tech companies that went public in 2021 are down 50%+

By Ari Levy / CNBC. View the full context on Techmeme.

·California, United States
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CNBC broke the news in United States on Monday, May 9, 2022.
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