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Signs of revival: Pre-IPO fundraising improved but fell short of 2023 peak

Signs of revival: Pre-IPO fundraising improved but fell short of 2023 peak

Rediff.com20 Jan 2026

Fundraising through pre-initial public offerings (pre-IPOs) more than doubled in 2025 compared with the previous year, but remained below the peak seen in 2023. The narrowing gap between pre-IPO and IPO pricing is the reason for the decline in both the number and value of such deals over the past two years.