PitchBook’s Cameron Stanfill, CFA writes:
VC-backed IPOs are booming, yet public performance this year is lagging
Has 2021’s ramp-up in IPO activity been a rush to the exits prior to a change in the market cycle?
Is it just the new normal?
Time will tell, but one thing is certain: US VC-backed IPOs have broken all kinds of records this year, unlocking more than $500 billion of liquid value.
The median company valuation at IPO is nearly …