Startups suffer from a gloomy second quarter

The number of U.S. startups going public has slowed and fresh funding for these companies has fallen sharply, adding to signs that venture capitalists are facing tougher markets after a boom period.

The momentum for companies to go public has lost momentum. In the first half of this year, private companies going public had a combined exit value of $49 billion, according to research firm PitchBook Data Inc. That’s down from the record high of $777 billion for the whole of last year, according to data released Thursday.


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