The global IPO market faced significant challenges in the first quarter of 2023 due to geopolitical uncertainty, monetary tightening, inflationary pressures, and volatility in the banking sector. These factors dampened investor appetite and corporate confidence in new listings, resulting in a 61% drop in IPO proceeds compared to the same period last year. In such an unwelcome environment, it comes as no surprise that many companies are opting to stay private longer, or even indefinitely. Continue reading on
