Posted 10/13/2023, 12:05:00 AM

IPO Market Crashes in 2022 After Boom in 2021, Rebounds Slightly in 2023 Despite Broader Stock Turmoil

IPO market boomed in 2021 with companies like Bumble, Oatly, Robinhood going public
Stock market was strong in 2021 with Fed keeping interest rates low
In 2022, Fed raised rates causing IPO market to drop 94.8%, a 32-year low
In 2023, IPO market rebounded with companies like Arm, Instacart, and Birkenstock going public
However, new IPOs like Birkenstock have struggled as stocks face broader turmoil

cnn.com