Wellington's Head of Late-Stage Growth on IPO Comeback

Matt Witheiler, Wellington Management Head of Late-Stage Growth, says he doesn’t expect a return to pre-2021 levels until another market bubble forms, which he believes is still a decade or more away. He tells Katie Greifeld and Romaine Bostick on “The Close” that IPO activity is seeing a steady, gradual normalization that should continue into 2026. (Source: Bloomberg)