The IPO market is not feeling the love in the form of official filings. But at least one major head of a top-tier firm has a special place in her heart for the prospects of the syndicate arena in 2017 and beyond.
Okay — the Valentine’s day puns end there.
JPMorgan’s head of global equity capital markets, Liz Myers, spoke with Business Insider and still believes in a strong rebound in the IPO market.
“We’re seeing quite a sentiment reversal in the IPO market this year, particularly in the US, where January marked the best start to the year since 2014,” Myers said to Business Insider.
“Both issuers and investors are approaching the market more constructively this year,” she said. “Combined with a pro-growth backdrop, we expect to see a notable increase in IPO volumes this year.”
This is in line with our sources at other major top-tier firms. But the sentiment that is starting to creep up within our sources is that there is a giant deal on the horizon and many would “choose not to compete” from a publicity standpoint.
We are talking about Snap.
Snap is indeed large enough and carries enough weight to pause the IPO market.
The lack of terms being added on Monday (2/13) and now Tuesday (2/14) morning indicates to us that next week will be another light week on the IPO front.
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish