IPO Drought Is Ending, But Don’t Expect a Deluge

Cordell Eminent Scholar Jay Ritter provides his IPO insights to Bloomberg for this opinion column from Jonathan Levin, who writes about the U.S. market for initial public offerings finally reopening after the sleepiest stretch in 32 years. 

If recent deals for Grocery delivery business Instacart, data automation provider Klaviyo and semiconductor designer Arm Holdings go through smoothly, conventional wisdom holds that others will follow. That’s probably true, but it could take years until the market recaptures its erstwhile sizzle, if ever, Levin argues.

“My reading is that we’re still in a multiyear slow IPO market,” Ritter said. 

Read more in Bloomberg [subscription required].