Valuations for venture capital public listings in Europe took a big hit in the first six months of the year as the IPO market all but disappeared.

Public listings valuations reached a new peak last year as investors and companies took advantage of strong demand for tech, which resulted in a record number of public entries. As the tide turned in 2022 with widespread tech sell-offs and increased market volatility, valuations have dropped significantly.

The median pre-money value for public markets ...

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