IPOs from 2021 have crashed. Jefferies Research say it may be time to buy some

2021 was a record year of IPO, with about 400 companies going public using a traditional offering. Most initial public offerings from 2021 have performed poorly, and Jefferies Research suggests that 13 of the 2021 IPOs are worth another look.

The business models and profitability of the 13 stocks remain intact, Jefferies analyst Randal Konik wrote in a June 17 note. New-to-market stocks continue to be negatively impacted by "myriad headwinds," including supply-chain issues, the pandemic, and inflation.

The list of 13 IPOs was initially created in January, arguing that a healthy consumer backdrop boded well for the growth of those businesses. Five months later, the consumer is still strong, he wrote.

The uncertainty of the macro-environmentremains, but Konik believes that "multiple contractions across the group warrant additional investor interest and represent attractive entry points" for the 13 stocks on his list.

The revenue for the group is expected to grow on average by 22% annually to fiscal 2023 from fiscal 2021, and adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda, to gain by 25% annually for the same period. The veteran analyst believes that his picks have "large and growing" total addressable markets, or TAMs, with each business in a strong position to gain share.