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New-age listing-day gains fade fast; IT deals up for renewal

Recent analysis indicates that a number of highly anticipated 'new-age' initial public offerings are now trading below their initial issue price. This trend suggests a potential shift in investor sentiment, as the initial euphoria surrounding these public listings has quickly faded. Concurrently, the IT sector is preparing for a wave of deal renewals, hinting at broader industry activity.

Key points
  • Recent analysis indicates that a number of highly anticipated 'new-age' initial public offerings are now trading below their initial issue price.
The Times of IndiaAug 13, 20266 min read