Scared startups will push big IPOs to 2017

The public market may be ready for startups, but fear will likely keep tech “unicorns” away from the public markets until at least early 2017.

A depressed market for initial public offerings struck in the first half of 2016, with the number of deals falling 56% from the previous year amid market turmoil and high cash reserves for private companies, according to Renaissance Capital, a manager of IPO-focused ETFs. Market conditions are improving and late-stage funding is becoming more prohibitive as the year moves along, making a public debut more of a necessity, experts say, but that still isn’t clearing the way for big IPOs this year.

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