Why Going Public Doesn’t Make Sense Right Now

This year has been better for IPOs than 2016, but not that much better, which is surprising given the stock market's strong performance. In fact, many analysts expect that although 2017 will top last year, we will still see fewer companies go public in 2017 than in 2015. The poor performance of the two most hyped IPOs this year--Blue Apron and Snap--hasn't helped boost enthusiasm for going public; both are currently trading far below their initial offering price.

So why go public? It's a good...

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