Half of Software IPOs tumble 6‑month returns, dragging median down 43%
Among recent software IPOs, 64% fall below their day‑one closing price after six months. An equal‑weight basket of 55 IPOs lost 8% while the S&P 500 gained 6%, and the median IPO return sits at a staggering -43%. Retail investors are far better off avoiding the hype.