Markets
U.S. IPOs That Tanked the Hardest in 2023 ☠️
![U.S. IPOs That Tanked the Hardest in 2023 ☠️](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-US-IPOs-That-Tanked-the-Hardest-in-2023--20240510131231.webp&w=3840&q=75)
What we’re showing
The worst U.S. IPOs of 2023, ranked by their % return as of Dec. 29, 2023.
What do these companies do?
Here's the TL;DR on the five worst-performing companies on this list:
- U Power is a Chinese company focused on swappable EV batteries.
- Lucy Scientific Discovery is an early-stage psychotropics company.
- Mangoceuticals is an online retailer of erectile dysfunction treatments.
- Surf Air is an electric aviation company focused on regional air travel.
- Hanryu Holdings owns “Fantoo”, an online platform designed for fandom communities.
Dataset
Company | Sector | Ticker | IPO Month | Return (%) |
---|---|---|---|---|
U Power Limited | Energy | UCAR | April | -97 |
Lucy Scientific Discovery | Healthcare | LSDI | Feb | -94 |
Mangoceuticals | Healthcare | MGRX | March | -93 |
Surf Air Mobility | Transportation | SRFM | July | -92 |
Hanryu Holdings | Media | HRYU | Aug | -92 |
VS Media Holdings | Media | VSME | Sept | -92 |
Warrantee Inc. | Financial Services | WRNT | July | -92 |
The NFT Gaming Company | Media | NFTG | Feb | -92 |
Inspire Veterinary Partners | Healthcare | IVP | Aug | -92 |
MGO Global | Fashion | MGOL | Jan | -91 |
Data sources
28
0
640