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Even as the IPO market is starting to rebound, startups are staying private for longer thanks in large part to alternative capital, according to new data.

The median age of companies that have gone private so far this year is 13 years since founding, up from a median of 10 years in 2018, according to new data from Renaissance Capital.

A separate, recent study by Jay Ritter at the University of Florida found that between 1980 and 2024, the average age of companies going public has more than doubled.

Companies going pu

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