Money raised by companies entering the public markets declined more than 50% in the third quarter, compared to the second quarter of 2019, according to data from Renaissance Capital. Initial public offerings raised a total of $10.8 billion in the third quarter, less than half of the $25.1 billion in proceeds during the second quarter. The dip in fundraising comes as investors appear to be souring on high-risk, high-growth companies with uncertain paths to profitability.
Money raised by companies entering the public markets declined more than 50% in the third quarter, compared to the second quarter of 2019, according to data from Renaissance Capital. Initial public offerings raised a total of $10.8 billion in the third quarter, less than half of the $25.1 billion in proceeds during the second quarter. The dip in fundraising comes as investors appear to be souring on high-risk, high-growth companies with uncertain paths to profitability.
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