by Teeka Tiwari
In January, I made a bold claim: 2020 would “mark the beginning of an IPO boom that could put the 1990s to shame.”
I made that claim after attending a private meeting at the home of one of the world’s top venture capitalists (VCs).
At the meeting, I discovered VCs were prepping for a mega wave of new companies coming to the market in 2020. Based on my discussions, they were getting ready for an initial public offering (IPO) boom as lucrative as the start of the tech boom in 1995.
An IPO is when a private company lists its stock on a public exchange. During that wave, we saw companies like Amazon, eBay, and Nvidia go public. Today, they’re some of the biggest names in the world.
My prediction was looking good when, by February, 13 companies had gone public. But then the coronavirus hit. And in March, April, and May, there were just 13 IPOs combined.