Secondary activity was inconsistent this year, but if the IPO window opens back up in 2024, secondaries should return with it.
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From TechCrunch
By Rebecca Szkutak
December 6, 2023
Secondary activity was inconsistent this year, but if the IPO window opens back up in 2024, secondaries should return with it.
© 2023 TechCrunch. All rights reserved. For personal use only.

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year
Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. This year delivered four venture-backed tech IPOs — Reddit, Astera Labs, Ibotta and Rubrik — in March and April, which made it seem like this year could spur the momentum investors had hoped for in 2023. But secondary investors and IPO lawyers recently told TechCrunch that despite these four successes, macro conditions like the upcoming presidential ele
Aug 7, 2024

NEA quietly reenters the secondaries market
New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fundraise closed on July 3, according to a source familiar with the matter, but hasn’t received much attention. The fund raised capital from more than 60 limited partners including the San Francisco Employees’ Retirement System, which committed $20 million to the fund, according to meeting docume
Aug 28, 2024
‘Secondaries summer’ is over, but 2024 looks promising
Secondary venture activity has ebbed and flowed over the last few months, following a particularly busy summer. But 2024 may see investors returning for good, writes Rebecca Szkutak. Full TechCrunch+ articles are only available to members. Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription. “The buyer universe for pre-IPOs expands […]
Dec 8, 2023

The rise of retail investors in secondaries, and why delayed IPOs will become the norm
Jared Carmel of Manhattan Venture Partners joins Equity to dig into what he calls a “once-in-a-generation opportunity” in secondaries, and why he sees this market as a “pressure relief valve” that could keep startups private well past their startup years.
Apr 30, 2025