CHART OF THE DAY: This Is The New Normal For The Tech IPO Market
The tech IPO market is not going to come roaring back to life, says BI Intelligence analyst Alex Cocotas.
This is the new normal for tech IPOs. We have a few dozen each year, but even in a hot market like this one, we won’t crack 50 in a year.
The reason? Alternative investment options like private equity and private markets have opened up, making the public markets less needed. And, for smaller companies, the high cost of an IPO has made it a less attractive option.
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