Davis Polk partner Shane Tintle was quoted in Law360 on IPO activity in 2022 and why new listings have been scarce. “Companies may resist or hold off as long as they can because the implications of a ‘down round’ IPO are suboptimal for all of their existing equity holders,” Shane explained.

“Capital Markets Activity Plunged To Earth In 2022,” Law360 (December 16, 2022) (subscription required)

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