SNOW - IPOs Were Crushed This Year — And Venture Capitalists Are Worried | Benzinga
Since 2021, initial public offerings have been a rollercoaster, with market volatility shaking the foundations of the traditional IPO landscape.
Numerous companies debuted on the U.S. stock market with valuations over $10 billion in 2021, only to see their worth collectively dive by 63%, highlighting the market's pronounced volatility, Datatrek reports.
This turbulence has impacted the companies seeking to debut on the stock market and sent ripples of concern through the venture capitalist community, Datatrek suggests.
In a rather tumultuous climate, only a few companies are trading above their initial offering prices among the top 20 public market introductions for venture-backed U.S. entities established in the past 15 years, reported Crunchbase.
Companies like Airbnb Inc. (NASDAQ: ABNB), Pinterest, Inc. (NYSE: PINS), and Snowflake Inc. (NYSE: SNOW) have yet to reclaim the soaring valuations they witnessed in their stocks' initial closing sessions.
In 2023, this trend, combined with the underwhelming market performance of entities like Maplebear Inc. (NASDAQ: CART), better known as Instacart, and Klaviyo, Inc. (NYSE: KVYO) after their recent public ...