But the current environment does not necessarily mean any company can come public. There are some deals that just can’t get done.
For one, many investors still have scars from the financial crisis and even back to the dot-com bust, and thus are focused only on offerings that have viable businesses and sustainable growth. However, there’s also a number of companies with businesses that are so strong, management really doesn’t care about the prospects of an IPO.
Thus, while we’ll see a number of companies go public in the next couple years (or until the bull market disintegrates), there are a few — such as these — that almost certainly will remain on the sidelines: