Megabuyte CEOBarometer - December 2023 update

In this month's podcast:

Finally, there's some positive news to discuss regarding UK tech share prices, as they surged by 11% in November, hinting at the first signs that investors anticipate brighter prospects ahead. Let's hope that this upturn proves to be sustainable this time. Unfortunately, that's where the positive developments for this month largely conclude. Trading conditions remain challenging, and indications from FDM and Kainos updates suggest a continued deterioration.

Moreover, activity in capital markets, mergers and acquisitions, as well as venture capital, was notably feeble in November, with only private equity activity remaining robust. This was particularly evident in secondary buyouts, most notably observed in the case of Civica, which have been scarce lately as investors await confirmation of the new norms for valuations.

Looking ahead to 2024, the data suggests that the year will be a mirror image of 2023, starting off poorly but gradually improving.

For a comprehensive overview of our annual predictions, make sure you tune in to January’s CEOBarometer podcast.