The IPO Market Lives!
The post-pandemic ECM bonanza came to a screeching halt in 2022 as the Fed ratcheted up rates to combat inflation.
Frothy corners of the equity market (including and especially so-called "hyper-growth") imploded, stocks de-rated into a suddenly onerous policy reality and highly speculative "assets" like crypto and SPACs collapsed, in some cases entirely.
It's easy to forget that. If all you care about is the S&P, 2022's equity bear market wasn't especially vicious and there were no existen