2022 has been a dismal year for ipos as growth stocks got punished by rising rates and investors fled risky assets but there are still a few debuts that dodged the market turmoil the once redhot ipo market turned sour this year as growth stocks with little in current earnings fell out of favor in the face of inflation and rising rates in the meantime investors rotated into stocks with strong fundamentals and cash flows to ride out the uncertainties only 44 ipos have priced this year down more than 80 from this time last year according to data from renaissance the renaissance ipo etf  which tracks recent initial public offerings is down about 46 this year the fund acquires uslisted ipos within 90 days or sooner after their debuts and sells after two years the selloff comes as investors demand positive cash flows and profitability in our view two things that internet and ipos arent exactly known for bank of america analyst justin post wrote in a recent note still despite the overall depressed market some managed to buck the downtrend and produced stellar returns this year a total of seven ipos have at least doubled from their debut prices this year according to cnbc research chinese education services company golden sun education have soared more than 600 since its ipo fintech firms amtd digital  zhong yang financial and wetrade group have also pared well this year on the flip side the worst performers in the ipo market have lost as much as 7 of their value in 2022 edible garden  blue water vaccines  akanda and bright green were among this years biggest laggards cnbcs gina francolla contributed reporting