Investors are missing earnings data after 2022 IPO collapse

Last year’s historic slowdown in initial public offerings is leaving a void of earnings data in its wake, hindering investors who want more clarity on the health of the economy and corporate balance sheets.
Photo: Shannon Stapleton/Reuters/Ritzau Scanpix
Photo: Shannon Stapleton/Reuters/Ritzau Scanpix
By Drew Singer / Bloomberg

Before the IPO market effectively shuttered in 2022, with proceeds shrinking 93% from 2021 to its lightest year in three decades, new listings were concentrated in technology and consumer-facing goods businesses. 

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The environmental, social and governance ratings of exchange-traded funds are set to be downgraded by index provider MSCI. | Foto: Delcia Lopez/AP/Ritzau Scanpix

Hundreds of funds set to lose ESG rating