Close to half of the 171 companies that went public in 2021 at billion-dollar-plus valuations and are still trading are now worth less than $500 million. Just 40% of 2021’s IPOs are worth more than $1 billion.
The figures, from an analysis of The Crunchbase Billion-Dollar Exits Board, reveal that even as the IPO markets show signs of life, startups eyeing a public-market debut will face intense headwinds. READ MORE