VGW, page-788

The IPO market is dead in the US, currently. Very few listings. The FED has hiked rates from 0 to 5% in 14 months and hopes to take unemployment the up up 4.5 to 5%. Why? to get inflation to their target of 2%. Yes the NASDAQ is up but all the money is going into mega cap tech. Relitively safe bets in comparison to IPOs, Apple, Meta, Nvidea, Amazon etc. It will take a sustained broader rally and confirmation a recession isnt on the cards for 2023/2024 for the IPO market to tick up. I cant see an IPO for VGW 2025 earliest and most likely later.