A wave of US public listings and sales have resulted in a windfall for tech investors and employees, providing a record $582.5bn in earnings in the year to September.
Start-ups that completed initial public offerings, direct listings or deals with special purpose acquisition companies made up $513.6bn of the total, with 93 listings occurring between July and September — the highest of any quarter this year.
The data from PitchBook, which researches start-ups, showed that the total proceeds from sales and public listings was already twice as high as last year’s figure.
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