Tech
Amid Trump’s tariff turmoil, startups may hold off IPOs over valuation concerns
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The broader stock market rout following US President Donald Trump’s move to impose “reciprocal tariffs” could prompt new-age companies in India to take a hard look at their plans to go public, founders, investors and bankers told ET.
On Monday, as the benchmark 30-stock index Sensex closed nearly 4% down, industry executives said public investor sentiment could shift in favour of safer asset classes such as blue-chip stocks or gold, away from new-age companies attempting a stock market debut.
“Public market multiples have compressed because of…
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