Tech IPOs slump
Anna-Lena Malter
| 12.08.2022
Numerous IPO hopefuls are apparently discouraged by the current low valuations of many technology stocks.
Mergers and acquisitions in the tech industry are being fueled by the current economic crisis, but IPOs are not. This is shown by a recent report from Capital.de. It states that the number of tech IPOs has fallen to an all-time low. According to the report, German startups' IPOs hit an all-time low in the first half of 2022.
According to the report, six startups went public in the second half of 2021. A downturn in the tech sector can also be observed internationally. Since the beginning of the year, the U.S. tech index Nasdaq Composite has lost about 20%, it said. This, in turn, is leading to lower valuations and more takeovers, according to the report. Service provider Dealroom reports that in the first half of 2022, the volume of so-called M&A deals reached a new high. It said a total of 172 startups were acquired, an increase of nearly nine percent over the previous six months.
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