Enterprise capitalists and startup founders alike went into 2023 eagerly hoping for the return of the trade’s exit surroundings — particularly, the resurgence of IPOs.
After 2021, a record-breaking yr for IPOs, every thing screeched to a halt in 2022. PitchBook counted 296 venture-backed corporations that went public in 2021, which doubles — or extra — another yr prior. This plummeted to twenty-eight in 2022, the bottom quantity recorded since 2009, amid the monetary disaster.
There have been a number of corporations, together with Instacart, Chime and Reddit, that filed for IPO in late 2021 or early 2022 which have but to exit the non-public market. As many hope exit alternatives will roar again within the latter half of 2023, we’re nonetheless interested by which corporations will go public first.
Whereas not an ideal predictor by any means, the secondaries market may provide hints at how shut a few of these corporations are to going public.
