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

Car-sharing service Turo filed its

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,…