"With global central banks starting to hike rates to suck out liquidity, private equity firms may have a tougher time raising new rounds, prompting them to make more exits. Therefore, even though there could be some short-term delays, the next few quarters appear to be quite busy."from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-paytm-can-fall-below-rs-450-stay-awaysuch-glamorous-ipos-says-ram-kalyan-meduryjama-wealth_16203341.html
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