Newly Public Companies are Going Back to Private
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Initial public offerings were all the rage during the pandemic, but as with baking bread and obsessive Zillow browsing, they have since fallen by the wayside.
In fact, some companies miss their former selves so much they want to go private again, often at a lower valuation than their recent IPOs, according to a report from The Wall Street Journal. They might be onto something as investors once hungry for growth stocks are now fearful that rising interest rates and persistent inflation have the market in a bear trap. That makes 2023 all about bonds.
Source Fool.com
