Cyngn (CYN -0.27%) had its initial public offering (IPO) in October 2021. At the time, valuations for growth stocks were seeing huge bullish catalysts related to the low-interest rate environment and expectations that pandemic-related conditions would pave the way for a bigger push for automation initiatives.The company provides 3D lidar technologies that help autonomous machines detect obstacles in the physical world. Despite interest in these technologies, the tech specialist's valuation saw a massive pul ...