Minnesota Companies Struggle After 2020-21 IPO Boom

Many Minnesota companies that went public in 2020-2021 are now struggling, with stock prices down an average of 60% from IPO.

Companies like Bright Health and Fresh Vine Wine had highly anticipated IPOs but are now far below initial share prices.

The boom in IPOs nationwide has led to overvalued offerings and poor post-IPO performance recently.

Agiliti, Life Time, and a few others have fared better but still faced stock price declines.

Executives say long-term business execution should take priority over short-term share price changes.