Amid booming IPO market, caution is in the air for investors as majority of the companies that were listed in 2024 failed to retain their respective listing gains, shows the latest analysis by ETIG. Of the 81 companies in the sample that were listed on the main board in 2024 as of December 20, 48 or more than half posted 10% or higher listing gains but only 20 were able to either retain or improve upon their initial gains in subsequent trading sessions.