Is the IPO Market Looking Up?
The past couple of years have proven to be tough for the IPO market (275 companies went public in 2014, 170 in 2015, and 105 in 2016), but many investment bankers are expecting an improvement this year, mainly due to Trump and the Republican controlled Congress.
Sixty-seven percent of investment bankers surveyed by accounting firm BDO USA LLP expect an increase in the number of U.S. IPOs in 2017 – the overall projection is for a 13% increase, BDO said. The bankers also foresee the average size of IPOs getting bigger – they project about $28 billion in total IPO proceeds, up 49%. When the bankers were asked what they thought was the factor most likely to spur an IPO increase, the promise of regulatory rollbacks under Mr. Trump was the most-cited reason, with 39% of those surveyed, according to the BDO survey.
The article mentions a few things that influenced the 2016 IPO market such as Brexit, the U.S. election, and other geopolitical and financial events playing a role in companies delaying their IPOs. Do you guys also think an IPO turnaround is on the way this year?
There's a reason that those in the know, know BDO.
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