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Bracket Bets on IPO Backlog - Los Angeles Business Journal

The Federal Reserveโ€™s July interest rate hike takes capital costs to their highest level in 22 years, grinding the pace of initial public offerings to new lows. One investment manager is betting on companies staying private longer, and its successful fundraising proves thereโ€™s lucrative business in acquiring existing shares of companies aging in the IPO backlog.
Harrison Horn Bracket Ventures Management Sofi Technologies Inc Industry Ventures Airbnb Inc Santa Soundhound Ai Inc

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