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Companies still need IPOs

Despite the increasing supply of private capital, going public is still an important step in the life of a business

The writer is head of Late-Stage Growth at Wellington Management

As the supply of private capital expands, a recurring question hangs over the initial public offering market: do companies still need to go public?

Plenty don’t seem to feel a rush to list, particularly in the tech sector where companies have raised huge sums for things like the build-out of artificial intelligence infrastructure.

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