How The IPO Market Went From 'Boom To Bust'
September 23, 2022
105,049
1,372
157
1.46%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Cnbc Episodes Around September 23, 2022
See what was published immediately before and after this episode.
YouTube Description
as posted by the channelFrom the best of times, to the worst of times: The market for initial public offerings has fallen off a cliff in 2022.
Investors faced with high inflation and rising interest rates have ditched high-flying growth stocks and turned to safer, more profitable alternatives. The decline has been striking given the record level of proceeds raised through public markets just a year prior. U.S.-listed companies raised over $155 billion in proceeds in 2021 through their initial public offerings, according to data from EY and Dealogic. In the first half of 2022, they only raised $4.8 billion.
"Investors are really risk averse at this moment, and that's what's really impacting the lack of activity that we're seeing," said Rachel Gerring, IPO leader at EY Americas, in an interview with CNBC. "They're looking for companies that are focused more on growth and profitability as opposed to the growth at all costs that we were seeing in 2021."
Watch the video above to find out how the IPO market went from boom to bust in 2022, and whether experts forecast a rebound in 2023.
» Subscribe to CNBC
» Subscribe to CNBC TV
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
How The IPO Market Went From 'Boom To Bust'
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.