https://techcrunch.com/2022/01/12/unicorn-exits-augur-poorly-as-justworks-delays-ipo-citing-market-conditions/

Justworks, a venture-backed software startup focused on the HR market for small and medium-sized businesses, announced earlier today that it would delay its IPO. In a statement to TechCrunch, Justworks said that it “decided to delay its IPO due to market conditions at this time.”

An IPO delay is just that, a public debut pushed back. But Justworks’ decision to put its public offering on temporary hiatus comes on the heels of rapid declines in the value of recent technology debuts employing traditional IPOs, SPACs and direct listings. Even more, Justworks’ now-delayed IPO follows a selloff in the value of software and technology shares more generally.