Get the latest tech news
Tech founders are shunning IPOs after extended market lull, survey finds
Only 15% of the 1,550 entrepreneurs surveyed by Techstars said their long-term goal is an IPO.
For 34% of entrepreneurs surveyed, the preference is to get acquired by a publicly traded company, down from 36% last year, while 30% indicated their goal is to remain private or independent, up from 28% in the prior report. Prior to that, there was a brief jump in activity in September, when chip designer Arm, grocery delivery company Instacart and cloud software vendor Klaviyo debuted. "We have the upcoming election, which is not helping the market in H2," Athena Theodorou, head of software banking in the Europe region at UBS, told CNBC's "Squawk Box" on Wednesday.
Or read this on r/technology