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

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. The decline has been striking given the record level of proceeds raised through public markets just a year prior. U.S.-listed companies raised over $155 billion in proceeds in 2021 through their initial public offerings, according to …