Securitize stock falls nearly 25% post-listing, expert cites crypto IPO trend

Shares of Securitize (SECZ), which officially listed on the New York Stock Exchange (NYSE) on July 2, have fallen by nearly 25%. According to CoinDesk, Jeff Dorman, Chief Investment Officer at investment firm Arca, said the decline appears unrelated to the company's fundamentals or any specific news. He explained that such volatility is common after a SPAC deal as the investor base shifts from bond-focused SPAC buyers to long-term, fundamentals-driven equity investors. Dorman noted that this downturn aligns with a general pattern of crypto companies seeing their stock prices fall after going public, adding that the drop is unsurprising given the poor performance of other crypto-related IPOs like Coinbase (COIN), Bullish (BLSH), Gemini (GEMI), BitGo (BTGO), and Circle (CRCL). SECZ is currently trading at $8.20, down 24.63%.