‘Mixed year for IPOs’ as crypto pulls down US IPO performance

The U.S. IPO market experienced a mixed year in 2023, significantly impacted by the downturn in the cryptocurrency sector. While some sectors showed resilience, the overall performance was hindered by a lack of investor confidence in crypto-related companies. The decline in crypto prices and regulatory challenges contributed to a decrease in the number of successful IPOs. Analysts suggest that the volatility in the crypto market has made it difficult for companies to go public, leading to a cautious approach from investors. Despite these challenges, there are hopes for recovery as market conditions improve.

Read the full article: Coin Telegraph

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