The Quiet Revolt Against Public Markets In recent years, a significant shift has been underway in the business world, one that threatens to upend the traditional notion of an initial public offering (IPO) as the ultimate benchmark of success for companies.
After a frenzy of IPOs in 2021, when nearly $500 billion was raised by companies listing on major exchanges, the market has slowed dramatically.
This year, only a handful of consumer companies have gone public, and some are struggling to gain traction. The shift towards staying private is driven in part by access to capital.