longest US tech IPO drought in over 20 years

Market slump ignites longest US tech IPO drought in over 20 years

The stock market slump starting from the start of the year has caused the longest drought in US technology listings this century

Wednesday will stamp 238 days without a tech Initial public offering worth more than $50mn

The US securities exchange has been shaken for the current year by the Federal Reserve’s fight to cut down inflation through aggressive interest rate rises

High-development tech stocks overwhelmed last year's record-breaking Initial public offering market

“There’s a tremendous amount of uncertainty in the market right now, and uncertainty is the enemy of the IPO market,” said Matt Walsh

SVB's Walsh said he anticipated "a little gathering" of organizations would in any case attempt to list this year, however, said most had previously pushed plans back to 2023