Worst Performing IPOs Of 2022. And What You Can Learn From These Debacles
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Due to dampened sentiment, too many companies were listed at a discounted price.(File)) A lot happened in the financial markets in calendar year 2022. One of the notable events of 2022 was the long pause of 80 days in the primary markets. Indian share markets suffered in the first half of 2022 because of the pandemic, geopolitical tensions, interest rate hikes, and supply chain disruptions. As a result, due to dampened sentiment, too many companies were listed at a discounted price. Considering the scenario, even the big companies that had their prospectus approved, didn't come out with their respective offer. Oyo, Snapdeal, and many other start-up IPOs deferred their IPO plans. This scenario re-emphasises the belief of the greatest investor of all time - Warren Buffett. Way back in 2004, the Oracle of Omaha explained in his AGM, “ An IPO situation more closely approximates a negotiated deal. I mean, the seller decides when to come to market in most cases. And they don...