According to Ernst & Young and PwC, the number of IPOs and their value in the United States have dropped significantly from the similar time period from the prior year. Interestingly, PwC notes that China's numbers of IPOs has remained relatively strong. Cal Matters and others report that California's number of IPOs is very weak compared to the last year. As pointed out by commentators, it seems to make sense to wait and see in this market--if you are able. Notably, if IPOs as an exit strategy dry up, it makes acquisitions a much more important alternative. It will be interesting to see the direction regulators in the United States take toward acquisitions--particularly in the tech space.