randy warren financial services. >>> one of 2021's biggest surprises has been the tech ipo bust cnbc.com looked at a basket of 55 tech companies that went public this year and only one is less than 20% off its high that's global foundries and it's down single digits the biggest tech ipos measured by market cap are down a heck of a lot more there you see a chart showing some of them as of yesterday's close, robinhood off 74% from its post ipo high didi, 63% off its high and ui's path, ui path's value has been cut in half ari has been writing about this bear market for tech ipos. senior tech reporter for cnbc.com what happened? >> naturally this comes out on a day when tech stocks go crazy. if you take a step back and look at what we've seen over the past couple of weeks, there's really this broad inflationary concern in what will happen with interest rates and that is pushing investors out of you know, the high growth stocks certainly those are high multiples and even safer bets. guests on cnbc have been talking about this for the last several weeks. so what happens with the companies tha