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Despite recent successes, IPO market still won’t fully open until 2025
“I don’t think we will have the floodgates open like I might have thought,” Greg Martin, co-founder and managing director at Rainmaker Securities, told TechCrunch. Jeremy Glaser, a lawyer and co-chair of Mintz’s venture capital and emerging companies practice, said that despite how the recent IPOs have performed thus far, people need more data than just a few weeks, or a month, of trading to feel confident. Klaviyo is currently trading at a $5.94 billion market cap, down from its $9.2 billion IPO price.
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