The stock market has gone nowhere for the past 5 months. It’s now looking like a bargain.
THE SO WHAT
With the S&P 500’s forward P/E now below its 5- and 10-year averages, public equities are quietly becoming more competitive with late-stage private valuations. If you’re a growth-stage founder or investor, this widens the IPO vs. stay-private decision set over the next 12–24 months.
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