- IPO deal proceeds plummeted 94% in 2022, according to Ernst & Young’s IPO report published in mid-December.
- Not a single tech deal raised $1 billion this year, after 15 IPOs raised at least that much in 2021, according to FactSet.
- “Until we see a persistent return to intelligent capital allocation as the primary driver of investment decisions, I think the IPO market will struggle,” said David Trainer of New Constructs.
Happy new year!
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