1, market risk: IPO pricing is usually carried out under the condition of low market risk, but after listing, the market risk may change, resulting in the stock price falling.
2. Fundamentals of the company: If the company's fundamentals are not good, such as declining performance and poor financial situation, investors may be worried about the company's prospects, thus affecting the stock price.
3. Market demand: If the market demand for the company is insufficient, the stock price may fall.