Is passive investing killing the IPO star?
ANALYSIS: The decline in IPO activity is not confined to a single region, and the reasons are varied and interlinked.
The ceremonial ringing of the bell to mark a company’s debut on a stock exchange has long symbolised entrepreneurial triumph. From the NYSE to the NZX, a public listing was once considered the pinnacle of business success – a validation of years of work, risk-taking, and strategic capital
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