The IPO hype machine is moving faster than the stocks

It has been a busy year for Wall Street debuts. While a few IPOs have captured most of the headlines, 203 companies have begun trading on either the New York Stock Exchange or Nasdaq market so far in 2026. Many made splashy entrances, but their performance has been more uneven since the spotlight moved to the next major offering. The Dow Jones Industrial Average has gained 7.5% this year, while the S&P 500 has climbed 9%. New listings have been more of a mixed bag. In total, roughly 49% of the…