Foley & Lardner LLP partner Louis Lehot is quoted in Law360, where he offers insight on the outlook for initial public offerings of technology companies in 2024.
Lehot said he does not expect a surge in technology IPOs this spring, given industry concerns about valuation. He noted that companies could be forced to weigh pricing concessions given investors’ current sober mood.
Lehot noted however that if interest rates do drop, thereby encouraging investors to take on more risk, and one or two technology startups go public and trade well, then IPO prospects could emerge in the year’s second half.
“You have to have one successful IPO that outperforms because it got priced at a discount,” he continued.