It will take a ‘bulletproof’ startup to break the IPO logjam

That Intel managed to spin out Mobileye as a public company was good news of sorts for the technology exit market. But a single successful corporate spinout is not a sign that public-market tech debuts are back.
Indeed, with news that Instacart is now pushing for a 2023 IPO, the upcoming calendar for tech exits (apart from M&A) is more than weak. It’s moribund.
What does Instacart’s supposedly delayed IPO teach us about how unicorns think?
Perhaps that’s why the Twitter-Musk saga — an anti-IPO in that we’re seeing the social media company go private — is consuming

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