I...P...Oh! Retail investors turn selective after listings misfire

Retail investors are turning their backs on initial public offerings (IPOs), in a stark contrast to their subscription frenzy of 2024-2025, as tepid listings in a weak market have dampened appetite for new shares.Of the 18 mainboard IPOs that opened between January and March 2026, the retail portion of 10 issues failed to be fully subscribed, according to Prime Database. Three of them were subscribed to between one and two times, while the rest saw demand ranging from 7 to 73 times the shares se...