{"id":1789415,"date":"2022-12-29T08:07:16","date_gmt":"2022-12-29T13:07:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789415"},"modified":"2022-12-29T08:19:40","modified_gmt":"2022-12-29T13:19:40","slug":"the-tech-ipo-market-collapsed-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-tech-ipo-market-collapsed-this-year\/","title":{"rendered":"The Tech IPO market collapsed this year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthe-tech-ipo-market-collapsed-this-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789415&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> According to Ernst &#038; Young\u2019s IPO report, 94% of IPO deals were closed in 2022. FactSet reports that not a single deal in tech raised $1 billion this year. This is after 15 IPOs had raised at least that amount in 2021. &#8220;Until we see a persistent return to intelligent capital allocation as the primary driver of investment decisions, I think the IPO market will struggle,&#8221; David Trainer from New Constructs.           The Nasdaq Marketplace in New York. Michael Nagle | Bloomberg | Getty Images     <\/p>\n<p>After a record-breaking performance, <a href=\"https:\/\/www.cnbc.com\/2021\/11\/22\/this-years-hottest-technology-ipos-are-having-a-difficult-day.html\">tech IPO year in 2021<\/a> This included the debuts by electric car makers <a href=\"https:\/\/www.cnbc.com\/quotes\/RIVN\/\">Rivian<\/a>Restaurant software company <a href=\"https:\/\/www.cnbc.com\/quotes\/TOST\/\">Toast<\/a>Cloud software vendors <a href=\"https:\/\/www.cnbc.com\/quotes\/GTLB\/\">GitLab<\/a> And <a href=\"https:\/\/www.cnbc.com\/quotes\/HCP\/\">HashiCorp<\/a> Stock-trading App <a href=\"https:\/\/www.cnbc.com\/quotes\/HOOD\/\">Robinhood<\/a>2022 was a complete failure.<\/p>\n<p>The U.S. had one notable tech innovation this year: <a href=\"https:\/\/www.cnbc.com\/quotes\/INTC\/\">Intel&#8217;s<\/a> Spinoff <a href=\"https:\/\/www.cnbc.com\/quotes\/MBLY\/\">Mobileye<\/a>, a 23 year-old company that creates technology for self driving cars. It was listed until its acquisition in 2017. Mobileye <a href=\"https:\/\/www.cnbc.com\/2022\/10\/26\/mobileye-pops-more-than-30percent-in-ipo-after-spinning-out-of-intel.html\">raised just under $1 billion<\/a>According to FactSet, this was the only U.S. tech IPO that brought in more than $100 million.<\/p>\n<p>However, in 2021 there were at most 10 U.S. tech IPOs that raised $1 million or more. This doesn&#8217;t include direct listings. <a href=\"https:\/\/www.cnbc.com\/quotes\/RBLX\/\">Roblox<\/a>, <a href=\"https:\/\/www.cnbc.com\/quotes\/COIN\/\">Coinbase<\/a> And <a href=\"https:\/\/www.cnbc.com\/quotes\/SQSP\/\">Squarespace<\/a>They were so well-capitalized that they didn&#8217;t have to borrow outside cash.<\/p>\n<p>The storyline completely changed when the calendar was turned. Investors opted to forgo future growth and risky investments in favor profitable businesses with strong balance sheets that could weather an economic downturn. After receiving their pre-IPO plans, they changed them. <a href=\"https:\/\/www.cnbc.com\/2022\/01\/07\/cloud-stocks-plunge-as-investors-sour-on-pandemics-top-performers.html\">public market peers<\/a> Take a plunge of 50%, 60%, or in some instances, all the way down<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Ernst &#038; Young\u2019s IPO report, 94% of IPO deals were closed in 2022. FactSet reports that not a single deal in tech raised $1 billion this year. This is after 15 IPOs had raised at least that amount in 2021. &#8220;Until we see a persistent return to intelligent capital allocation as the primary &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1789418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5458,7530,12320,4545,3819,4989],"class_list":["post-1789415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bongino","tag-collapsed","tag-ipo","tag-market","tag-report","tag-tech"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1789415"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1789418"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1789415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1789415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1789415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}