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A Silicon Valley lawyer who works on tech offerings thinks the IPO window could reopen later this year. But he says only a very small group of companies will be able to go public.

But the IPO window will likely be open for only a short period; it's almost certain to shut again right before the November presidential election, he said. Even if the IPO window does open, only a few companies are likely to be able to take advantage of the opening — companies that, like Zoom, have benefitted from the pandemic. The tech IPO market was already having problems before the pandemic struck. But even amid the troubles that Uber and Lyft had, Zoom had a blockbuster IPO, Kline noted. "Those types of companies, once the IPO market comes back, will do fine," he said.

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