News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ant Group says no plan for IPO, focusing on business optimisationChina's fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.
Source: Reuters - 🏆 2. / 97 Read more »