Investors have been setting a higher bar for companies that want to go public since the IPO boom of 2021.

The company has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in — and spend — investors’ cash.

And that’s before the shares even get to the P in the acronym: the public. First there’s the “roadshow,” later, hopefully, the “pop.”

The IPO window is closed, the pros say, amid high interest rates and recession fears. But it will be back, they add.

The number of companies debuting IPOs in 2022 hit its lowest level in years. Just 181 companies went public then compared to over 1,000 in 2021. Experts say this year looks a little brighter.

A number of factors — the falling stock market, the war in Ukraine and rising interest rates — created uncertainty for companies that wanted to go public in 2022.

Why the trading app is courting everyday investors with its initial public offering.

That’s despite Brexit and a recent transition period that some expected would bring volatility to U.K. financial services.

The type of companies that have gone public this year are often in sectors that have done well during the pandemic.

There’s no word yet on when the IPO would happen, but Robinhood has filed the confidential plan to go public later this year.