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Pretty standard practice to delay IPOs during a chilly market. We delayed IPO from summer 2011 to winter 2011 at my previous employer for this reason (remember
by hkmurakami 11y ago
Pretty standard practice to delay IPOs during a chilly market. We delayed IPO from summer 2011 to winter 2011 at my previous employer for this reason (remember the debt ceiling crisis nonsense?)
- mangeletti 11y agoThat's the point they're trying to make. The last time IPOs looked like this was in the starting (and also end) of 2008, just before (and after) the market crashed. So, we've got a 7 year period of nearly steady growth in IPOs, and then a cliff over the past year. A "chilly market" often leads to a crash, due to the vicious circle it creates.
- scurvy 11y agoChilly market? We're less than 100 points off the all time high in SPX (which was set last year). You could say the bull run is in its last stages, but it's far from chilly.
- tim333 11y agoThough as another another article today mentioned https://news.ycombinator.com/item?id=11419281 https://news.ycombinator.com/item?id=11419281 much of the SPX is driven by companies buying back their own shares out of profits. It may be chillier for loss making unicorns that can't do that - see Box etc.
- jazzyk 11y agoThere is nothing more chilly than markets going up and down ~20% within 2 months with no major changes in fundamentals (or global/macro situation for that matter).
- hkmurakami 11y agoI urge you to compare the Q4 2015 -- Q1 2016 SPX chart and Q3-Q4 2011 SPX chart. 2011 experienced a similar sharp drop to recovery that we're going through right now that had a similar drop in IPOs.