This year has not been a good year to do an IPO and it shows in the number of IPOs.
When stocks are down 24%, it may not be the best time to go public — and IPOs have all but disappeared this year, Axios’ Kate Marino writes.
Worth noting: Not included in the above chart are companies that went public by merging with SPACs. Those are down a ton this year, too: Q3 deal value of $13 billion is but a fraction of the $118 billion in SPAC mergers, on average, over the first three quarters of 2021, according to Dealogic.
Axios Markets By Matt Phillips and Emily Peck · Sep 30, 2022