How the IPO Market Froze

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Watch: Traditional IPOs had a record year in 2021. But now the market faces its worst year in two decades. Here’s how the pipeline to public offerings froze.

ains why the market for public offerings has frozen and what it would take to thaw. Photo Illustration: Ryan TrefesSome days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.Snap shifted from overdrive to reverse this year as it prepares for its lowest period of sales growth since going public.

Illustration: Jacob ReynoldsNetflix reported its first subscriber loss in a decade in April, sending the streaming company’s stock down 35% in a single day. But after making strategy shifts, Netflix added twice as many subscribers as expected in the third quarter. WSJ looks back at Netflix's rollercoaster year. Photo illustration: Adele MorganA report from Chess.com alleging that grandmaster Hans Moke Niemann likely cheated in over 100 online games upended the chess world in October.

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