After a bruising 2022, companies that recently went public on US exchanges are off to a strong start this year, helped by a broad surge in tech stocks. Businesses that went public through a SPAC merger have seen the largest gains. PitchBook’s DeSPAC Index has climbed 25.7% in 2023.
In other news, the VC-backed IPO index is up 23.3% and the PE-backed IPO index has risen 15.3%. Read more.
