With the start of the year, a growing number of newly public companies are changing course and going back to being private again. 10 companies that went public in the boom years of 2020 and 2021 have decided to sell themselves to private equity firms. As the US economy headed towards a downward trend in its economic cycle, a majority of the 2020-2021 class of initial public offerings have had a dismal performance, resulting in the decision to go private once again. Grill maker Weber agreed to be bought out by BDP Capital Partners in December of last year for $8.05 a share, well below its $14 IPO price less than 18 months earlier. Sumo Logic Inc. agreed in February to be bought by private-equity firm Francisco Partners for $12.05 a share, down from the data-analytics software company’s $22 IPO price. However, not all companies are selling at a loss. KnowBe4 Inc. in October agreed to go private again in a deal with Vista Equity Partners, that valued the cybersecurity firm at ar
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