The IPO market went from ‘boom to bust’ in 2022. Here’s what’s driving the massive slowdown.

From the best of times, to the worst of times: The market for initial public offerings has fallen off a cliff in 2022. Investors faced with high inflation and rising interest rates have ditched high-flying growth stocks and turned to safer, more profitable alternatives.

Cordell Eminent Scholar Jay Ritter shares his insights on how the IPO market went from boom to bust in 2022, and whether he expects a rebound in 2023 in this video from CNBC.