The Tech Ipo Drought in the US has reached 18 months, despite a rebound in the tech sector. The last notable venture-backed tech IPO was in December 2021, and only 10 companies raised $100 million or more in the first half of 2023. Many companies are still clinging to their old valuations and struggling to forecast future quarters due to muted economic growth. While there are signs of optimism, investors are more discerning when it comes to technology stocks. The boom in special purpose acquisition companies (SPACs) has also affected investor appetite for IPOs.

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