IPOs by US tech companies sink to lowest level since global financial crisis

IPOs by US tech companies sink to lowest level since global financial crisis

Initial public offerings by US tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have soured investor sentiment towards new listings.

According to Refinitiv data, only 14 tech companies have floated their shares on stock exchanges so far this year, compared with 12 in 2009. The IPOs this year have raised $507 million, the lowest amount that has been raised through flotations since 2000.

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