RIP IPO: What will startup exits look like in 2023?
Categories: Capital Markets
Amid a global rout in equities, some recently listed European tech companies have seen their shares plummet by up to 98%. That means startups looking for an exit must find other means this year — namely being bought by another company.
Larger companies will take advantage of their smaller peers’ reduced valuations to add different dimensions to their business faster and cheaper than doing so internally — whether that be acquiring customers, tech capabilities or in the form of acquihires.
“I think this kind of acquisition will make up a fairly significant part of exits in 2023, particularly in the second half of the year,” says Daniel Turgel, partner at White & Case. Read more here.
