Megabuyte CEOBarometer - July 2023 update
Description
In this month’s podcast:
While UK tech sector share prices were stronger in June, valuations remain stubbornly low, especially in ICT Services. Meanwhile, the US tech sector continues its rapid recovery with a 33% jump in the tech-heavy NASDAQ so far this year compared to just 7% in the UK. Nevertheless, confidence in capital markets does seem to be recovering, albeit from rock bottom levels, with more fundraising and M&A activity amongst listed businesses. Likewise, AI-driven green shoots continue in the UK tech VC market where deal numbers were better than they have been all year. Conversely, the private equity outlook is less positive, with activity remaining slow, especially in secondaries, and M&A volumes were also weak, albeit better than a very quiet May. So, as we head into the second half of the year, it will be fascinating to see if this changing of the guard continues and confidence builds in UK tech capital markets and UK tech VC.
United States
