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I saw this amusing graphic someone at ZH had put together:

I had actually forgotten about the Smile IPO and hadn’t checked in on it. Let’s do so, all right?

slopechart SDC

Ouch. But it’s par for the course these days………..

slopechart UBER
Another lifetime low……
slopechart WORK
Another lifetime low……
slopechart ZM
Breakdown from crucial support

If a market even resembling something organic re-appears in our lifetimes, I suspect all the IPOs from the past few years will be either penny stocks or bankrupt.