Market downturn triggers longest U.S. tech IPO drought in over 20 years

Market downturn triggers longest U.S. tech IPO drought in over 20 years

The year-to-date stock market downturn has caused the longest drought in U.S. tech stock prices this century, with experts cautious about the pace of a recovery even after tentative signs of life in other sectors. Wednesday will mark 238 days without an IPO worth more than $50 million, surpassing previous records set in the aftermath …

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