Steve Maletzky, managing director and head of capital markets at William Blair, was featured in this Yahoo! Finance article centering on the “oversupply” of IPO activity, telling the publication:

“I think that the leading cause is we saw a massive oversupply of activity last year. You had 400 traditional IPOs, along with 600 SPACs, go public. It was a record year, both in terms of volume and total proceeds raised in the IPO market."