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IPO market remains frozen, but could rebound later this year, tech analyst says

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As the IPO market remains frozen, one tech analyst is optimistic that we could see a rebound in public listings as early as the second half of this year.

and has reportedly been working with banks on IPO preparations since early 2022, according to Reuters.

"I think the second half of 2023 is going to look a little better than the first half, assuming that it's mostly macro-driven," Kulkarni told CNBC's "" on Monday. He added that we're on the precipice of a "new era" for valuations that will be realized once the Federal Reserve stops hiking interest rates.

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