Less IPOs Due To No Paths To Profitability

<p>"From 2021 to 2022, there are 85% less IPOs. This is a story of uncertainty on interest rates and inflation. Companies are struggling to find paths to profitability. Likely IPO participants will need sustainable free cash flow," says Matt Michel. How does 2020 compare to 2022 in terms of new IPOs? Also, how is the Renaissance Cap Greenwich Fund IPO ETF (IPO) performing? </p><p><br></p>