Cashed-Up Tech Startups Feeling Little Pressure to Go Public

The volatility that whipped public markets this week was a relatively distant worry inside Goldman Sachs Group Inc.’s annual tech confab in Las Vegas, as startups find there’s no shortage of funding to be had ahead of an IPO.

Even with the hand-wringing over spending on artificial intelligence threatening to chill the optimism around tech investments, many closely held companies are facing little pressure to move toward initial public offerings. There have been twice as many fundraising deals of $1 billion or more this year for firms without a public listing than US IPOs raising that amount.

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