Everyone is waiting for IPOs, but will market uncertainty delay them?

One of the enduring questions of the past few years has been, when are IPOs going to come back? We are seeing a bunch of M&A activity, but one of the biggest exit routes has been largely unavailable for nearly three years now.

Since the end of last year/beginning of this year there’s been quite a bit of optimism that investors will once again be able to count on the public markets for exits – with 2025 being highly anticipated as the year where listings will be back on the menu.  But that is now more uncertain – or at least the timing of it is – what with the amount of uncertainty that’s been injected into the market, for the most part by policy decisions in the US.

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