“…introduced another dimension to the discourse, emphasising the resilience of VC-backed IPOs, which showcased significantly reduced failure rates. Delving deeper into the organisational structure,Howton (2006) andJain and Kini (2008) highlighted the pivotal role of internal governance mechanisms, such as CEO ownership, board composition, and tenure, in influencing IPO survival Feng et al (2020). broadened the scope by emphasising firms' strategic orientations, asserting that market and entrepreneurial orientations serve as catalysts for IPO longevity Kooli and Meknassi (2007).…”