Private Equity Largely Absent From US IPO Market’s Recovery

While company founders and venture investors have been reaping gains from the listings market’s recent rebound, private equity has hardly benefited.

Divestments by buyout firms have been woefully absent from the $13.7 billion of US initial public offerings so far this year, even as the total has risen to more than three times the volume for the same period in 2023, according to data compiled by Bloomberg. Only two private equity-backed IPOs over $100 million have been completed so far, raising about $1 billion, data from PitchBook shows.