This post is by Marcus Lu from Visual Capitalist


See this visualization first on the Voronoi app.

The Worst Performing U.S. IPOs of 2023

The Worst Performing U.S. IPOs of 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In 2023, there were 154 IPOs on the U.S. stock market. This graphic highlights the worst U.S. Initial Public Offerings, ranked by their percentage return as of December 29, 2023, based on data from Stock Analysis.

Companies That Tanked the Hardest in 2023

The list of worst IPOs is led by U Power. The Chinese EV battery company experienced highs of 1,100% at one point during its Nasdaq-listed IPO before plummeting due to regulatory restrictions in China.
CompanySectorTickerReturn (%)
U Power LimitedEnergyUCAR-97
Lucy Scientific DiscoveryHealthcareLSDI-94
MangoceuticalsHealthcareMGRX-93
Surf Air MobilityTransportationSRFM-92
Hanryu HoldingsMediaHRYU-92
VS Media HoldingsMediaVSME-92
Warrantee Inc.Financial ServicesWRNT-92
The NFT Gaming CompanyMediaNFTG-92
Inspire Veterinary PartnersHealthcareIVP-92
MGO GlobalFashionMGOL-91
The list of worst performing IPOs in 2023 also includes:
  • Lucy Scientific Discovery, an early-stage psychotropics company
  • Mangoceuticals, an online retailer of erectile dysfunction treatments
  • Surf Air, an electric aviation company focused on regional air travel
  • Hanryu Holdings, which owns “Fantoo”, an online platform designed for fandom communities

Best IPOs

On the other hand, the list of best IPOs is headed by Jin Medical, a Cayman (Read more…)