It’s been a hard year for companies that want to raise capital.
The initial public offering (IPO) market, which allows a company to raise money by selling shares to the public investors, has witnessed a sharp decline this year, following a record-breaking year in 2021.
Public offerings in the United States are on track for their worst year in decades, according to forecasters. Volatility in the stock market, brought on by high inflation, rising interest rates, and growing recession fears, have slowed IPO activity to a halt.
In August, only nine firms submitted IPO filings to the Securities and Exchange Commission (SEC), much below the 10-year average of 23, according to a report by Renaissance Capital….