Of the 10 worst-performing IPOs of 2021, 5 are new-age tech startups

Of these, five were major tech IPO launches of 2021 — Zomato, Paytm, Nykaa, Fino Payments Bank, Policy Bazaar and CarTrade. Investors have turned cautious as the ongoing events globally has changed their appetite for new age growth stocks to traditional defensive stocks.

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