If it isn’t layoffs, it could be another year of disappointing bonuses, insiders fear.
At issue: dealmaking — or a lack thereof. In particular, IPOs don’t appear to be picking up despite the market’s ebullience after Cava’s rocketing IPO.
While bankers are on tenterhooks as the deals aren’t yet moving forward, others say a summer lull is to be expected and it’s too soon to jump to any conclusions. Marvin also notes that company valuations have taken a major hit since 2021. The hope is that the market recovers a bit more and there is less volatility, she told On The Money.
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