This update of IPC’s IPO model shows that the IPO Market has returned to normal (even if just barely). It’s a far cry from the “hot” market of 2021, but we see positive signs – if momentum continues in August, the IPO Market could finally sustain a more normal posture over the longer term.

Authors

Gregory W. Brown, UNC Kenan-Flagler Business School, Institute for Private Capital
William Volckmann, UNC Institute for Private Capital and Kenan-Flagler Business School