Average year-end IPO returns in the U.S. 2005-2023

Not all IPOs result in long-term gains for the respective company; however, the average year-end gains for all companies that went public in the United States have been mostly positive each year over the past decade. In 2023, however, the average returns amounted to a negative 56 percent in the first year after their IPO.

并非所有首次公开募股（IPO）均能带来公司长期收益；然而，在过去十年中，美国所有公开上市公司的平均年终收益大多为正值。然而，在2023年，这些公司在首次公开募股后的第一年的平均回报率竟降至负56%。