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Nasdaq CEO’s comments about IPOs portend sunny skies ahead for the tech industry
More than 100 companies are preparing to list on Nasdaq after filing confidentially with the SEC, Barron's quoted Nasdaq's CEO Adena Friedman as saying.
If that does come to happen, the IPO drought that the tech industry has suffered for months will draw to a close sooner than later. Considering the ripple effect that the lack of liquidity has had on all stages of venture capital investment, this would be excellent news for everyone dealing with startups. As we reported yesterday, the issuer of the stablecoin USDC has filed for an IPO, and unlike the last time Circle tried to list, it is not taking the SPAC route to the public market.
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