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in Tech

Tech IPO drought reaches 18 months despite Nasdaq’s sharp rebound in first half of 2023

by Editor June 29, 2023, 1:10 pm 2k Views

Tech IPO drought reaches 18 months despite Nasdaq's sharp rebound in first half of 2023

Karl-Josef Hildenbrand | AFP | Getty Images

Car-sharing service Turo filed its

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in January 2022. A month earlier, Reddit said it submitted a draft registration for a public offering. Instacart’s confidential paperwork was filed in May of last year.

None of them have hit the market yet.

Despite a bloated pipeline of companies waiting to go public and a rebound in tech stocks that pushed the Nasdaq up 30% in the first half of 2023,…

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