Home IPO Tech IPOs Not Returning to the Market Anytime Soon

Tech IPOs Not Returning to the Market Anytime Soon

by Vidya

Tech companies who want to raise capital are waiting on the sidelines as market conditions remain challenging.

Tech stocks have taken a beating in 2022 with several companies who have seen the value of their shares plummet by over 60%, leaving the private companies waiting for capital markets to reopen, Thomas Hayes, chairman of Great Hill Capital in New York, told TheStreet.

As of Sept. 21, there will have been 238 days without a tech IPO that is valued at over $50 million. This dearth of tech IPOs beats the previous records that were set following the 2008 financial crisis and the dotcom crash in the early 2000s as companies wait for market conditions to improve so they can garner a good price when they do go public.

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