New-age firms' listing gains fade fast; IT deal renewal in focus

Happy Thursday! Some of the best-received new-age IPOs are now trading below their issue price, ET analysis shows. This and more in today’s ETtech Morning Dispatch.

Also in the letter:

■ Lenskart’s Q1 report

■ Creators shape Gen Z's shopping

■ Yulu raises funds

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^{New-age IPOs: listing-day performance proves poor guide to long-term gains}