From IPO to MIA: Why companies are getting cold feet instead of going public in 2022
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Economic instability, wobbly markets, and geopolitical strife add up to an uninviting environment for would-be stock debuts.
It’s been a while since the market was so uninviting to companies waiting to go public. And the proof is evident: Almost 70 companies have withdrawn their IPO filings since the beginning of March, according to data from Stock Analysis. And on Wednesday, two more companies got cold feet—software firm Justworks and foot retailer Fresh Market both scuttled their IPO plans, according to CNBC.