Cash crunch could lead to more M&A and quicker tech IPOs

The desperation for cash could lead to a ripe M&A environment and help big tech snap up some smaller players. Tech-heavy players like Twilio, PagerDuty and Atlassian rely on small- and medium-sized businesses for their various developer tools. But many of these names have already noticed a shift in customer spending habits. Wedbush predicts this weakness could lead to a flurry of tech M&A activity, driving more late-stage startups to seek alternative financing and speed up the IPO path within a much tighter financing environment post-SVB.