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Some recent tech IPOs are cratering

Several newly public stocks fell near or below their IPO prices on Wednesday.

Shares of Tintri and Blue Apron dipped briefly below their IPO prices, after hitting the public market in late June. Meanwhile, Snap and Cloudera shares were both within $1 of hitting their IPO prices by midday, and Okta shares hit an all-time intraday low.

Source: FactSet

The sliding stocks represent a pullback from a...


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