Some of New York’s hottest tech unicorns are struggling to win over Wall Street.
Six of the 13 New York-based tech companies to launch initial public offerings this year have lost share value compared to their offering price, Crain’s found. Those public offerings have come as part of a record surge in New York tech firms going public in recent months.
The share price for tech-driven insurer Oscar Health was down more than half from the $39 price it debuted on the New York Stock Exchange on March 3, as of market closing Thursday. Real estate brokerage Compass was down about 24% on Thursday
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