By ET Bureau - February 20, 2023 1 Mins Read
BMC Software Inc. is rumored to have filed confidential plans for an initial public offering, which could be one of the first indications of a thawing market after nearly a year of IPO inactivity.
The global economic slowdown that started last year has particularly hurt the technology sector, with many businesses reporting sluggish growth and sharp drops in stock prices. As a result, many startups have been forced to postpone their plans to list on the stock market while they wait for investor interest to pick up.
According to Reuters’ report on Saturday, BMC is now confident that the situation has improved and thinks that an IPO could value the business at between USD 14 billion and USD 15 billion.
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