Key facts
- The growth of private markets is causing companies to stay private longer.
- This trend increases pressure for pre-IPO liquidity solutions.
- Current liquidity options are inadequate for founders and investors.
Artem Korenyuk, representing Citi, has observed that the increasing prominence of private markets is a key factor in companies delaying their initial public offerings (IPOs). This prolonged period in the private sphere heightens the demand for effective liquidity provisions before a company eventually goes public. Korenyuk highlighted that the existing mechanisms available for providing this liquidity are not meeting the needs of either the company founders or the investors involved.
