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US IPOs Can’t Shake 2022 Slump After Thriving Through Pandemic

  • Companies raise paltry $4.9 billion in US listings this year
  • Instacart, Reddit and others waiting for IPO window to reopen
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Companies last year defied the coronavirus pandemic to go public at a record pace. Now, market volatility, inflation and fears of a downturn have brought an abrupt end to the listing party.

Companies have raised a combined $4.9 billion via US initial public offerings this year, less than 6% of the record sum raised in the first half of 2021, according to data compiled by Bloomberg, While 2021’s volume was an historical outlier, this year’s paltry total distantly trails the $47 billion five-year average for the period.