Private Equity Scrambles to Find an Alternative to IPOs to Unlock $3 Trillion
- Buyout firms, exchanges, bankers scramble for IPO alternatives
- Number of public companies in US has almost halved since ‘90s
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As the market for initial public offerings bounces back after two lifeless years, investors who’ve been impatiently waiting for their payoff are finally getting some returns.
But the revival hasn’t come fast enough: Behind the scenes, the private equity shops saddled with bulging portfolios — and the banks and exchanges that make millions helping companies go public — are still scrambling to come up with alternative exit strategies.