3 Once-Hot IPOs That Have Fallen by 40%

Investors love that new stock smell, but sometimes those shiny new vehicles turn into a lemon -- or a Lemonade (NYSE: LMND). Roughly a fifth of the companies that have gone public over the past year are now trading more than 40% below their all-time highs. Some of them deserve your attention.

Snowflake (NYSE: SNOW), Coupang (NYSE: CPNG), and yes, Lemonade have all plummeted by at least 40% after peaking shortly after their market debuts. They could be interesting buying opportunities now. Let's check them out. 

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Source Fool.com