Jay Ritter
Cordell Eminent Scholar Jay Ritter

Tech’s reality check: How the industry lost $7.4 trillion in one year

IPOs this year slowed to a trickle after banner years in 2020 and 2021, when companies pushed through the pandemic and took advantage of an emerging world of remote work and play and an economy flush with government-backed funds. 

Data compiled by Jay Ritter, an IPO expert and Cordell Eminent Scholar, shows there were 123 tech IPOs last year, compared with an average of 38 a year between 2010 and 2020.

Read more insights from Ritter in this story from CNBC