The long-awaited IPO ‘revival’ really depends on the bull market’s survival
From Dow Jones & Company:
Wall Street’s excitement over a possible rebound in the IPO market is due to slow activity that matches the slowest years since 2008. Only four IPOs have been released so far in 2024, on pace with last year. Pipeline is 13.3% below last year. Analysts’ claims of revival may be premature. Numerous secular trends and factors indicate startups aren’t going public as quickly, acquisitions being more popular exit strategies, and foreign companies are increasingly using U.S. capital markets. IPO market future is heavily dependent on the stock market’s longevity. This optimism may be well-founded, but market timing often doesn’t call for celebration.
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