IPOs could be headed for a rocky road in 2023

Initial public offerings appear likely to remain sluggish for at least several months to start 2023, while special purpose acquisition companies, which provide businesses with alternative paths to public listings, face headwinds of their own. The IPO drought could last years in a worst-case scenario, according to University of Florida professor Jay Ritter.

Read more of Ritter’s insights in this story from Law360.