The IPO Market Flips from Boom to Bust in 2022
After the prior year’s record activity, the 2022 US IPO market ground to a halt as the war in Ukraine, a valuation correction in high-multiple stocks, historic interest rate hikes, and looming fears of a recession caused the narrowing IPO window to slam shut. 71 IPOs raised just $7.7 billion, the slowest year by proceeds in...
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