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Looking at major IPOs over the past 15 years, 19 of the 31 (61%) saw a maximum drawdown of more than 50% in their first year of trading, per Truist chief markets strategist Keith Lerner. The largest first-year drop belongs to Robinhood (HOOD), with a decline of 90%.

Tenable (NASDAQ: TENB) is a cybersecurity company that specializes in exposure management, a proactive form of enterprise protection that identifies vulnerabilities in corporate networks before attackers can exploit them. Hackers are currently using artificial intelligence (AI) to find these weaknesses faster than ever before, so demand for exposure management is surging.