IPOs decline as large companies gobble up more startups. That’s bad for innovation
Economists from Yale and the University of Maryland reveal a dramatic shift in the IPO market that might be hurting consumers.
Prior to 2022, it seemed like every other startup on the market was going public. But during 2022, as the Fed aggressively raised interest rates to curb inflation, the trend reversed. Global IPO volumes fell 45% year-over-year, according to data from Ernst & Young.
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