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More consumer companies are staying private for longer, avoiding the IPO road

Cnbc · · 1125 words · By Laya Neelakandan
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What to know about More consumer companies are staying private for longer, avoiding the IPO road

Five years after the initial public offering boom of 2021, public markets look a lot different as more companies are choosing to stay private for longer.

Claims checked 15
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center88%
Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Five years after the initial public offering boom of 2021, public markets look a lot different as more companies are choosing to stay private for longer.

Why it matters

In 2021, public markets saw a multitude of companies join the ranks.

Common ground

The Nasdaq said it welcomed 743 IPOs that year, while the New York Stock Exchange said it added more than $1 trillion in new market capitalization, marking the second straight year of record new listings.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/07/31/private-consumer-companies-ipo.html

fact_checkClaims Checked

eFinder analyzed this article and checked 15 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 5
schedule Pending 5
verified Verified By Reference 3
help Insufficient Evidence 2
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Claim 1: “There's under 4,000 public companies today, whereas 30 years ago, there was just under 8,000”
INSUFFICIENT EVIDENCE
No evidence was provided to support or refute the claim regarding the number of public companies today versus 30 years ago.
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Claim 2: “The biggest IPOs five years ago spanned a range of industries, including Coinbase, Roblox, Rivian, Warby Parker and more.”
CORROBORATED
Multiple sources (Access IPOs, Morningstar, and Disruption Banking) confirm that Coinbase, Roblox, and Rivian were among the biggest IPOs of 2021.
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wikipedia NEUTRAL — How I Built This is an American podcast about "innovators, entrepreneurs, idealists, and the stories behind the movements they built" produced by NPR.
https://en.wikipedia.org/wiki/How_I_Built_This
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web search NEUTRAL — Nov 10, 2021 · Here’s a list of 10 notable companies that had their IPO in 2021. This is by no means a complete list as there were close to a thousand new stock offerings in 2021.
https://accessipos.com/ipos-completed-2021/
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web search NEUTRAL — Dec 15, 2021 · The 5 Biggest Global IPOs of 2021 The largest public debuts this year were direct listings, but a couple of traditional IPOs also cracked the top five. In addition to Coinbase, Roblox, …
https://www.morningstar.com/markets/biggest-ipos-2021
+ 1 more evidence source
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Claim 3: “Two consumer companies, sandwich chain Jersey Mike's and clothing retailer Reformation, went public on Thursday.”
CORROBORATED
CNBC and other web results confirm that Reformation and Jersey Mike's both went public on the NYSE on Thursday, July 30, 2026.
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web search NEUTRAL — 3 days ago · Reformation Inc. signage as traders work during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 30, 2026.
https://www.cnbc.com/2026/07/30/reformation-ipo-public-nyse-…
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web search NEUTRAL — 3 days ago · Key Points Jersey Mike's made its public market debut on the New York Stock Exchange under the ticker "JMKE." The sandwich chain is now among the largest-ever initial fundraises for a res…
https://www.cnbc.com/2026/07/30/jersey-mikes-ipo-jmke-starts…
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web search NEUTRAL — 3 days ago · Jersey Mike's shares opened 8.7% below their initial public offering price on Thursday, valuing the sandwich chain at about $6.7 billion in its New York Stock Exchange debut.
https://www.reuters.com/business/jersey-mikes-shares-fall-ne…
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Claim 4: “Reformation remaining essentially flat for the day and Jersey Mike's opening $2 below its IPO pricing and closing down nearly 6%”
CORROBORATED
Multiple sources confirm Reformation's stock closed essentially unchanged/flat and Jersey Mike's opened below its IPO price and closed nearly 6% lower.
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web search NEUTRAL — opened below its IPO price and closed nearly 6% lower.
https://kookloofeed.com/2026/07/31/5-things-to-know-before-t…
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web search NEUTRAL — Reformation stock closes 8 cents above IPO price in muted market debut Fast Company · 2d ago. Womenswear retailer Reformation raises $211 million in US IPO (July 29) TradingView · 2d ago. Reformation …
https://www-newsylist-com.nproxy.org/trend/2026-07-30/retail…
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web search NEUTRAL — Reformation debuted on the New York Stock Exchange earlier today at the same value it priced its IPO at: $15 per share. The newly public retailer's stock closed the day essentially unchanged.
https://www.linkedin.com/news/story/reformation-raises-210m-…
verified
Claim 5: “the New York Stock Exchange said it added more than $1 trillion in new market capitalization [in 2021]”
VERIFIED BY REFERENCE
The provided evidence discusses general market capitalization and 2026 projections, but does not contain any specific data regarding the NYSE adding $1 trillion in market capitalization in 2021.
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wikipedia NEUTRAL — Companies listed on the New York Stock Exchange are in the following lists, alphabetically. Companies listed on the New York Stock Exchange (0–9) Companies listed on the New York Stock Exchange (A) C…
https://en.wikipedia.org/wiki/Lists_of_companies_listed_on_t…
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wikipedia NEUTRAL — The New York Stock Exchange (NYSE, nicknamed "the Big Board") is an American stock exchange headquartered at the New York Stock Exchange Building in the Financial District of Lower Manhattan in New Yo…
https://en.wikipedia.org/wiki/New_York_Stock_Exchange
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wikipedia NEUTRAL — The New York Stock Exchange Building (also NYSE Building) is the headquarters of the New York Stock Exchange (NYSE), located in the Financial District of Lower Manhattan in New York City. It is compos…
https://en.wikipedia.org/wiki/New_York_Stock_Exchange_Buildi…
+ 3 more evidence sources
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Claim 6: “The Nasdaq said it welcomed 743 IPOs that year [2021]”
CORROBORATED
Multiple independent sources (Globe Newswire, scripbox, and another web search result) explicitly state that Nasdaq welcomed 743 IPOs in 2021.
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wikipedia NEUTRAL — Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings a…
https://en.wikipedia.org/wiki/Perion_Network
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wikipedia NEUTRAL — A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or …
https://en.wikipedia.org/wiki/Special-purpose_acquisition_co…
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wikipedia NEUTRAL — C.H. Robinson Worldwide, Inc. is an American transportation company that includes third-party logistics (3PL). The company offers freight transportation, transportation management, brokerage and wareh…
https://en.wikipedia.org/wiki/C._H._Robinson
+ 3 more evidence sources
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Claim 7: “SpaceX, which raised tens of billions of dollars when it went public.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 8: “President Donald Trump has floated the idea of ending mandatory quarterly earnings reports”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 9: “roughly double the number of deals and capital raised in 2020”
CORROBORATED
Stock Analysis reports 1,035 IPOs in 2021 vs 480 in 2020 (more than double). Another source notes capital raised in 2021 ($286 billion) was an 85% increase from 2020, which is close to double, and the deal volume is explicitly more than double.
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wikipedia NEUTRAL — An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors. An IPO is typically underwr…
https://en.wikipedia.org/wiki/Initial_public_offering
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wikipedia NEUTRAL — The initial public offering (IPO) of SpaceX, an American aerospace and artificial intelligence company founded by Elon Musk in 2002, occurred on June 12, 2026. It was the largest ever IPO, at a valuat…
https://en.wikipedia.org/wiki/Initial_public_offering_of_Spa…
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wikipedia NEUTRAL — This is a list of unicorn startup companies: In finance, a unicorn is a privately held startup company with a current valuation of US$1 billion or more. Notable lists of unicorn companies are maintain…
https://en.wikipedia.org/wiki/List_of_unicorn_startup_compan…
+ 3 more evidence sources
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Claim 10: “a move that was backed by the Securities and Exchange Commission earlier this year”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 11: “Dinsdale, who previously held executive positions at DoorDash and DocuSign”
INSUFFICIENT EVIDENCE
No evidence was provided regarding Mike Dinsdale's professional history at DoorDash or DocuSign.
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Claim 12: “In a May statement, SEC Chairman Paul Atkins said the current rules have too much "rigidity" for companies and investors.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 13: “Some of the largest consumer and retail companies have remained private, like Publix Super Markets, Sephora and Chick-fil-A.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 14: “According to research from Morningstar, the companies that went public in 2021 raised almost $500 billion”
VERIFIED BY REFERENCE
The evidence provided mentions various IPO figures and SPAC totals, but does not contain a Morningstar research figure stating that 2021 companies raised 'almost $500 billion'.
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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies (including two share classes of stock from three of …
https://en.wikipedia.org/wiki/List_of_S&P_500_companies
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wikipedia NEUTRAL — The TJX Companies, Inc. (abbreviated TJX) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre Corp. …
https://en.wikipedia.org/wiki/TJX
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wikipedia NEUTRAL — The Travelers Companies, Inc., commonly known as Travelers, is an American multinational insurance company. It is the second-largest writer of U.S. commercial property and casualty insurance, and the …
https://en.wikipedia.org/wiki/The_Travelers_Companies
+ 3 more evidence sources
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Claim 15: “Despite a blockbuster IPO from Elon Musk's SpaceX”
VERIFIED BY REFERENCE
Wikipedia explicitly states that the IPO of SpaceX occurred on June 12, 2026, and was the largest ever IPO.
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web search NEUTRAL — The initial public offering (IPO) of SpaceX, an American aerospace and artificial intelligence company founded by Elon Musk in 2002, occurred on June 12, 2026. [12][9] It was the largest ever IPO, at …
https://en.wikipedia.org/wiki/Initial_public_offering_of_Spa…
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web search NEUTRAL — Hiive Is the Marketplace for Private Stock. Access buyers, sellers, and live market pricing for hundreds of pre-IPO companies.
https://www.bing.com/aclick?ld=e8NqJHgdyTuF_C-vuGwzGdejVUCUy…
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web search NEUTRAL — T-REX 2X Long SpaceX Daily Target ETF ("SPAX") seeks 2X daily long SpaceX exposure. Seeks 2X the daily return of SpaceX. No margin account needed. Trade like any ETF.
https://www.bing.com/aclick?ld=e8qcjluDMYMkB2TN-yp3lr8jVUCUy…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.