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Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftThis article originally appeared on Foley on December 4, 2025: Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftFoley & Lardner, Protiviti and SS&C Intralinks recently hosted an event in Foley’s Silicon Valley office

Friends,In last month’s newsletter, we explored two forces reshaping venture capital’s risk-reward calculus: the overwhelming dominance of artificial intelligence (AI) in venture capital (VC) deal flow — now commanding over 63% of invested dollars — and the long-awaited resurgence of the initial public offering (IPO) market, which delivered a dramatic spike in liquidity and exit value for venture