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Excerpt:
Summary
- The last 18 months have been like an ice age for investment bankers brokering deals and young business owners looking to tap extra capital.
- Several successful recent IPOs may foster green shoots for firms looking to trade on the secondary markets.
- While credit markets remain tight and as fears of a global economic slowdown persist, signs are there that the next few quarters could feature some prominent ventures going public.
Q2 2023 marked the seventh consecutive quarter of lower year-on-year IPO activity, according to Wall Street Horizon’s data. The April through June stretch was the weakest global go-public count since early 2016.