The IPOs are back. Where are women?

But an analysis of recent documents recently linked to the IPO shows that women executives are largely absent from the boards of directors and management teams for the vast majority of new public companies, despite years of appeal to more diversity in business leadership. Data can even be an early signal of future losses for executive women, because Dei, already confronted with a counterpoup, is abandoned or sidelined, especially in the technology industry.

Damion Rallis, co -founder of the Data Company of the Board of Directors Free Float Analytics, has combed information on 61 companies that filed documents related to the IPO during the first two weeks of August. He found that almost 88% of companies (most of whom were in technology) had only one woman or not from their board of directors, while 93% had only one woman in their suite C. Rallis now calls this the “Bro-po-po” and said that his conclusions were “crazy”.

“We have abandoned our ideals. We have just abandoned,” he said on Free Float Business pants podcast.

Only seven of the 61 companies examined by Rallis had two or more women in their board of directors, while only four have listed two or more leaders. In total, women represented only 12% of 349 administrators and 11% of the 205 managers identified in deposits. Stubhub has listed a female executive in his team of five and a director of the board of directors of seven. Bullish listed two executive leaders, the two men, and a woman on her board of directors of six people.

For reference, women represent around 30% of the members of the board of directors of Russell 3000 companies, according to recent studies, and 29% of C-Suite roles, according to an MCKINSEY 2024 survey.

In recent years, the boards of directors have made the diversity of sex and the racial a central objective of recruitment efforts, in particular after the NASDAQ has published a rule which declared that the companies listed must disclose their statistics on the sex and diversity of their board of directors. This directive had to develop: in the end, it would have imposed minimum diversity requirements or asked for companies to explain why their advice was not diversified. However, this effort was arrested at the end of 2024 by a federal court of appeal which decided that the NASDAQ had exceeded its statutory authority during its establishment.

In 2020, Goldman Sachs CEO David Solomon said that “IPOs are a central moment for businesses” because he described his bank’s commitment not to make public enterprises if their advice was fully male. But the company abandoned this promise this year, citing “legal developments linked to the diversity requirements of the council,” reported my colleague Emma Hinchliffe in February. “We continue to believe that successful advice benefit from various horizons and perspectives, and we will encourage them to adopt this approach,” said Goldman Fortune at the time.

The Rollback of Goldman Sachs has been one of the many largely considered a response to a long -standing war against “awakened” corporate policies which are now supported by President Trump.

Despite these policy changes, most investors expect companies to form various advice and combinations C as part of the optimization of a management team. The bar is lower for the “startup cards” of newly IPO companies, explains Matt Moscardi, co -founder of Free Float Analytics. But he says that it has always been surprised that the emerging public enterprises of today do not even nod with the market standards. Instead, they leave 50% of humanity aside.

“Do you expect them to look at and say:” Well, you are going to the IPO, what do other listed companies look like? “” Said Moscardi Fortune, “And there is essentially no effort to do it. »»