Nasdaq CEO’s feedback about IPOs portend sunny skies forward for the tech trade

Greater than 100 corporations are on the point of checklist on Nasdaq after submitting confidentially with the SEC, Nasdaq’s CEO Adena Friedman told investing publication Barron’s.

Barron’s referred to as Friedman’s remark “startling,” and we now have to agree with that description. If that does come to occur, the IPO drought that the tech trade has suffered by means of for months will draw to a detailed sooner quite than later.

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Contemplating the ripple impact that the shortage of liquidity has had on all phases of enterprise capital funding, this could be good news for everybody coping with startups. If true, after all. And that’s the reason the supply issues maybe simply as a lot as what was mentioned. Confidential filings are clearly onerous to trace, however Friedman is probably going higher knowledgeable than we’re.

Nonetheless, we a minimum of learn about one firm submitting confidentially for an IPO: Circle.

As we reported yesterday, the issuer of the stablecoin USDC has filed for an IPO, and in contrast to the final time Circle tried to checklist, it isn’t taking the SPAC path to the general public market. We nonetheless have just a few questions concerning the firm’s funds, however this submitting makes us extra optimistic about its probabilities this time round.