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Going Public: The IPO Dilemma
This chapter discusses the festive opening with a gift exchange, transitioning to the serious topic of initial public offerings (IPOs) and the current downturn in market activity. It explores why companies are choosing to remain private longer, the challenges of preparing for an IPO, and the implications of recent trends on investors and market dynamics. The conversation also highlights the role of private equity and offers insights into the significant backlog of private assets awaiting favorable market conditions.