Prior to the offering, there is no apparent market price, and many of the issuing companies had little to no operating history. The issuer does not fully benefit from its ability to raise capital if the price is set too low.
Media plays an essential role in providing information to investors, who frequently rely on distorted and second-hand news. If the media posts negative information about the company it can impact its IPO.
Poor fundamentals can make the company less attractive which can result in the failure of the IPO.
If the company is going to get listed in the bearish market there are chances that it may face failure while listing.