If 2021 is any indication, 2022 could be a banner year for the IPO market.
By the end of the third quarter this year, 1,635 companies had gone public around the world, a number that’s higher than the year-end totals of 2018, 2019, and 2020—and one that’s certain to top 2017 by December 31. Favorable market conditions have spurred many companies to make the jump.
Things haven’t been quite so rosy for SPACs (special-purpose acquisition companies) or IPOs (initial public offerings) in the tech sector, though. More than 50 tech companies have gone public this year, and virtually all of them are 20% or more off of their peak stock prices. Nearly half have lost 50% or more of their value since reaching their highs (though none have performed as poorly as Robinhood, which is off about 75% from its high of $85 per share in August).
Still, that hasn’t discouraged companies from entering the IPO pipeline. Several big names are expected to debut in the next 12 months. Here’s a look…
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Source : fastcompany.com
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