Tech founders are shunning IPOs after extended market lull, survey finds
Publishing timestamp: 2024-06-28 21:01:21
Summary
Tech IPO market collapsed in 2022 due to inflation and rising interest rates. Only 15% of entrepreneurs surveyed by Techstars said their long-term goal is IPO. Some activity in March with Reddit going public, but overall market has been quiet. Investment banks are gearing up for a rebound, but uncertainty surrounding the presidential election may impact deals for the remainder of the year.
Sentiment: MIXED
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