The window for initial public offerings slammed shut in 2022, and experts are unwilling to bet on a swift reopening.
Following record-breaking deal activity in 2021 buoyed by special-purpose acquisition companies, or Spac, and easy money, the 2022 market cooled in a big way. The Spac craze waned as the blank-check companies had difficulty finding suitable merger targets, while companies that considered traditional IPO debuts largely headed into hibernation.
There...
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