:Insurance tech company TypTap and human resources software firm Justworks postponed their U.S. initial public offerings on Wednesday, joining several companies rethinking their plans to go public due to volatile market conditions.
The decision to delay TypTap's IPO, announced by parent HCI Group Inc on Wednesday, comes amid a recent sell-off in technology shares and the poor performance of several companies that went public in 2021. Human resources and payroll software maker Justworks also blamed market conditions for delaying its U.S. IPO plans. Apparel chain operator Authentic Brands Group Inc withdrew its U.S. listing plans last week.
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