Following a lackluster 2022, the IPO market continued to flounder during 2023, partially attributable to ongoing macroeconomic uncertainty and geopolitical uncertainty, including sustained high interest rates, the banking crisis in early 2023, continued geopolitical conflicts in Ukraine and Gaza, and challenging market-wide conditions including inflation, the downgrading of the U.S. credit rating, and continued recessionary fears. As we move through the coming year, what should potential issuers expect?
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