U.S. IPOs are at a 32-year low

1990 is when Germany was reunified, Tim Berners-Lee published his proposal for a "World Wide Web" and Kevin McCallister first defeated the Wet Bandits.74 companies have raised just $8 billion via U.S. IPOs thus far in 2022, per Refinitiv, with virtually nothing left on the upcoming calendar.

Proceeds are down a whopping 95% from last year, and at least 50% lower than any of the past 31 years.The global picture is a bit stronger, with proceeds at their lowest mark since 2016. Same goes for global VC-backed IPOs, per PitchBook, while global PE-backed IPOs are at a decade-long low.Volatility mixed with cowardice. Plus, a glut of growth-profile companies that went public in the past couple of years with all-time low share prices.

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