After a blockbuster year for the IPO market, the outlook for the first quarter of this year seems quiet.

Concerns over inflation have spurred a massive selloff across the board, with stocks taking a nosedive and the IPO window effectively closing. Companies that went public last year have seen weak performance, with the average 2021 return from the offer price around negative 25 percent, according to Matt Kennedy, a senior strategist at IPO research firm Renaissance Capital. Only about a quarter of last year’s IPOs are trading above issue, he added. READ MORE