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Broken IPOs

 
Europe

A broken IPO is a new listing that trades below where it started. This list shows stocks on European exchanges that went public within the last 12 months and now close below their first-day close, biggest losses first. Some recover once the business proves itself, while others keep falling as early investors sell, especially around lock-up expirations. Gains are measured from the first-day close, not from the IPO offer price.

Screening formula:
exch(xetra,bme,mil,par,ams) and type(stock) and days_since_ipo >= 0 and days_since_ipo <= 365 and c < c[bars - 1] and sortby(change(bars - 1), asc) and show(days_since_ipo, change(bars - 1) as since_first_close_pct)
 
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Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Days_since_ipo  Since_first_close_pct
 ALETC.PA 
Energy Solar Tech S.A.
Utilities - Renewable
Utilities
PAR
Micro
 31.96  1.20  0 0 1  297.00  -61.29
 MLROT.PA 
Roth Mions S.A.
Specialty Industrial Machinery
Industrials
PAR
Micro
 8.12  0.52  -0.02 -3.7 12,260  121.00  -57.02
 CSG.AS 
CSG N.V.
Aerospace & Defense
Industrials
AMS
Large
 13,972  14.42  0.45 3.22 412,630  261.00  -55.90
 NW0.DE 
CSG N.V.
Aerospace & Defense
Industrials
XETRA
Large
 14,746  14.70  0.38 2.65 4,723  258.00  -51.80
 T9G.DE 
Vidac Pharma Holding Plc
Biotechnology
Healthcare
XETRA
Micro
 25.8  0.403  -0.05 -11.04 6,925  300.00  -44.49
 H3V.DE 
Fermi Inc
REIT - Specialty
Real Estate
XETRA
Mid
 2,116.16  2.90  -0.24 -7.64 1,000  130.00  -43.69
 ITH0.DE 
Nektar Therapeutics
Biotechnology
Healthcare
XETRA
Small
 1,260.56  35.65  -1.27 -3.44 1  130.00  -43.36
 FRI.DE 
Fair Isaac Corp
Software - Application
Technology
XETRA
Large
 11,299  625.50  4 0.64 63  130.00  -37.70
 ALIEV.PA 
IEVA Group
Household & Personal Products
Consumer Defensive
PAR
Micro
 82.31  8.32  -0.04 -0.48 102  195.00  -30.67
 COLT.AS 
Colt CZ Group SE
Aerospace & Defense
Industrials
AMS
Mid
 2,306.71  34.85  -1.25 -3.46 300  180.00  -25.68
 ETI.MI 
ETI S.p.A.
Oil & Gas Midstream
Energy
MIL
Micro
 5  4.38  -0.08 -1.79 2,000  96.00  -23.16
 7VR.DE 
Celcuity Inc
Biotechnology
Healthcare
XETRA
Mid
 3,435.89  60.00  -0.5 -0.83 133  130.00  -23.08
 85H1.DE 
Planet Labs PBC
Aerospace & Defense
Industrials
XETRA
Mid
 5,421.33  14.80  -0.1 -0.67 6  130.00  -22.51
 J8W.DE 
Intuitive Machines Inc
Aerospace & Defense
Industrials
XETRA
Small
 1,902.41  11.60  -0.19 -1.61 730  130.00  -22.41
 HE8.DE 
Helios Solar AG
Specialty Industrial Machinery
Industrials
XETRA
Micro
 116.74  3.90  -0.02 -0.51 10  76.00  -21.37
 MY8.DE 
MasTec Inc
Engineering & Construction
Industrials
XETRA
Large
 15,443  185.00  -7.3 -3.8 68  130.00  -19.84
 RQ0.DE 
D-Wave Quantum Inc
Computer Hardware
Technology
XETRA
Mid
 5,554.57  12.40  -0.45 -3.5 51,569  130.00  -18.31
 GEPH.DE 
EPH Group AG
Resorts & Casinos
Consumer Cyclical
XETRA
Micro
 7.9  8.50  0.05 0.59 800  161.00  -17.48
 2CL.DE 
BridgeBio Pharma Inc
Biotechnology
Healthcare
XETRA
Large
 11,359  59.15  1.06 1.82 10  130.00  -16.51
 ALRIS.PA 
Rising Stone S.A.
Real Estate - Development
Real Estate
PAR
Micro
 113.07  46.50  1 2.2 451  230.00  -15.12
 ALLSF.PA 
Le Slip Francais
Apparel Manufacturing
Consumer Cyclical
PAR
Micro
 15.84  12.86  0.46 3.71 377  90.00  -14.83
 1VT.DE 
Viking Therapeutics Inc
Biotechnology
Healthcare
XETRA
Mid
 3,090.12  25.70  0.1 0.39 29  130.00  -12.73
 XK4.DE 
Gabler Group AG
Aerospace & Defense
Industrials
XETRA
Micro
 199  40.20  0.4 1.01 2,709  217.00  -12.42
 3UX.DE 
Cleanspark Inc
Capital Markets
Financial Services
XETRA
Mid
 2,920.86  9.28  -0.12 -1.28 2,834  130.00  -12.29
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Data as of Oct 12, 2026, 11:35 PM CEST



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