Ran Ben-Tzur's insights, shared in a recent Pitchbook article on the potential for an IPO rebound in 2024, suggest a subdued 2024 IPO landscape for VC-backed firms, as discussions with bankers indicate expectations of a quiet year.
While potential IPO candidates exist, the list is limited compared to the 2021 tech boom. High-quality private companies may delay IPOs until 2025 to match 2021 valuations, and those going public in 2024 could face lower valuations than in their last private rounds. Despite a lukewarm IPO market, a potential Federal Reserve interest rate cut could improve listing conditions. Venture firms advise companies to "stay ready" for unexpected IPO opportunities.
To read the full article, click here.