If you’ve been looking for IPOs to watch out for in 2023, you’ve likely come up empty-handed. According to Renaissance Capital, just 29 companies have gone public in the United States so far this year.
Part of the problem has to do with investors’ aversion to risk amid a bear market, rising interest rates and a potential recession. But things may be starting to look up. The Nasdaq 100 finished Q1 with its second-best quarter in a decade, perhaps signaling the risk-on trade is back.
If this is the case, it’s possible we could see the pace of IPOs pick up. Here are three IPOs to watch out for in 2023.
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