IPO Market Gains Traction in the 2Q Despite Tariff Turmoil
Despite an early surge in volatility from shifting US tariff policies and recession concerns, the IPO market ended the quarter with more momentum than it started. A total of 44 IPOs raised a combined $7.0 billion, below historical norms, as listing timelines were reshaped by a tariff-induced sell-off in April followed by a rebound in mid-May. Fifteen IPOs raised $100 million or more, most of which came in the second half of the quarter, and high-profile unicorns made a comeback with...
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