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Despite limited exit activity in 2024, several major tech companies completed successful IPOs, signaling strong market appetite—especially for high-growth companies. Continued market strength and falling interest could point to increased IPO potential in 2025. 

Our 2024 Innovation Economy Update explores critical market dynamics, including interest rates impacts on exits, evolving growth premiums and emerging liquidity trends. The report addresses several key topics, including:

  • How falling interest rates are reshaping exit opportunities
  • Where AI is driving record venture investment
  • What’s changing in fundraising strategies
  • Why many companies are choosing to stay private longer in an evolving IPO market

Download our complete analysis to understand these shifts shaping the innovation economy. Connect with a J.P. Morgan Startup Banking expert to discuss your company’s opportunities in 2025 and beyond.

Contributors

Melissa Smith

Co-Head of Innovation Economy & Head of Specialized Industries J.P. Morgan Commercial Banking

John China

Co-Head of Innovation Economy J.P. Morgan Commercial Banking

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