Goldman Sachs The Markets
Why Today's IPO Market May Surprise You
Mar 28, 2024
Lizzie Reed, Global head of equity syndicate desk in Global Banking & Markets, discusses the strong start of IPOs in 2024, driven by investor participation and improved sentiment. The podcast explores global IPO trends, central bank policies' influence on market conditions, and opportunities for investors in Q2 to capitalize on upcoming opportunities.
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Quick takeaways
- 2024 shows record IPO activity globally, reflecting enhanced investor sentiment and broader participation.
- Stable central bank policies and accommodative measures are driving robust deal-making activities and creating a favorable climate for growth-oriented assets.
Deep dives
Robust IPO Activity in 2024
Despite excluding the record-setting year of 2021, 2024 has shown a remarkable increase in IPO activity globally, surpassing the pace set since 2018. The US market also reflects this trend, with the strongest start seen since 2015. This surge is attributed to an enhanced investor sentiment, marked by broader participation from various investor types like mutual funds, sovereign wealth funds, and retail investors. The willingness to invest in higher valuations indicates a shift towards a more optimistic market outlook.
