It's an old saw: The most important factors for a strong IPO market are an up market and stable interest rates.
The problem is that there is not much similarity between Arm and tech unicorns.
It's a tough choice: Negotiate onerous new rounds of funding with venture capital firms, or go public at a lower valuation.
But if you can't, you either take another lower funding round or go public at a lower valuation."
Many companies still looking to go public "This won't open the floodgates for tech unicorns," Kennedy said.
Persons:
Rivian, Matt Kennedy, Santosh Rao, Rao, Johnson, Kennedy, Don, Softbank, Birkenstock
Organizations:
Labor, Renaissance Capital, Manhattan Venture Research, London Stock Exchange, Nasdaq, Softbank, Vision Group, PayPal, Shein
Locations:
China, IPOs