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Photo by Chris Hondros/Getty Images

The IPO markets have entered their annual dead zone, as companies finalize 2017 financials and avoid launching road shows into Presidents Day/school vacation week. And it's probably fortunate for those with weak stomachs, given the recent market volatility.

The real question, therefore, is what happens in March.

Lise Buyer of IPO advisory Class V Group:

"Companies that are working toward an IPO already, on file with the initial filing are not missing a step. Damn the torpedoes, full speed ahead... I think the uptick in volatility may dissuade some that were discussing a 2018 IPO at the '2017 wrap up' board meetings. Bottom line: No change from those who have already stepped on to the yellow brick road, but unclear for those still in Kansas."

Seeking Alpha:

"After the VIX spiked in September 2015, over half of the 32 IPOs in the 4Q15 priced below the range, and first-day returns were below-average at +7%."

Lynne Laube, co-founder and COO of marketing software company Cardlytics, which last week priced into the volatility:

"It's a lot of work to get to the point where you're able to price an IPO, and to get strong interest from the types of investors we want, who are owners not renters. We would have liked the market to have been more stable and priced above range but, in the end, it was a transaction we wanted to get done."

Go deeper

Axios Visuals Deep Dive: Pandemic eating

Illustration: Sarah Grillo/Axios

A food revolution began pre-pandemic and COVID has only accelerated that. See how America's food industry is transforming, from farm to your table.

Abrams’ campaign manager rules out 2024 run if she wins governor's race

Photo: Jessica McGowan/Getty Images

In her first major interview since the official announcement, Stacey Abrams' campaign manager Lauren Groh-Wargo quashed speculation that the Georgia Democrat would interrupt a theoretical gubernatorial term to run for president in 2024.

Why it matters: Abrams' name has come up repeatedly as a top 2024 Democratic contender given President Joe Biden's age and Vice President Kamala Harris's low favorability rating.

Dan Primack, author of Pro Rata
Updated 1 hour ago - Politics & Policy

Trump social media group raises $1 billion from undisclosed investors

Illustration: Sarah Grillo/Axios

Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company.

Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction.