SAN FRANCISCO — Not a single Silicon Valley tech company went public in the past three months. In fact, not a single tech company in the entire United States went public, according to a Renaissance Capital, an institutional research firm that provides data on public companies. Eight companies—all in health care—completed initial public offerings between Jan. 1 and March 28. Another eight companies postponed IPOs.
For capital-markets lawyers, the work will have to come from somewhere else.
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