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The IPO Road Isn’t Always Paved With Gold

These November offerings held by Tiger Global, Perceptive, RA Capital, and other hedge funds are down by double-digits.

Call them the anti-Rivian IPOs.While shares of the electric vehicle maker have surged in the company’s first three days of trading, the shares of at least 13 other companies that have gone public in November — or roughly half the total — are currently trading below their IPO price, many

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