The Market Minute: When There Are No IPOs, All Eyes Are On The Secondary Markets

The public markets have been on a rollercoaster ride over the past few weeks, which means companies have put their initial public offering plans on pause. We’re almost halfway through the first quarter of the year, and it’s still more or less crickets from the IPO pipeline.

As a result, many employees seeking liquidity are instead looking toward the secondary market, where employees and investors can buy and sell their shares. The heightened interest in selling shares on the secondary market has already started to be reflected in lower prices for startups shares, according to people we spoke with.