RiskReversal Pod
The Return of Tech IPOs in 2025? What’s Fueling the Optimism with RBC's Jesse Chasse | Okay, Computer.
Nov 27, 2024
In this discussion, Jesse Chasse, head of tech ECM at RBC Capital Markets, shares his expertise on the tech IPO landscape. He elaborates on the optimistic outlook for 2024 and the unique dynamics of public versus private investment. The conversation dives into the impact of generative AI, venture capital pressures, and the challenges in tech valuations. Jesse also recounts his experience with Waymo's robo-taxis, reflecting on deregulation led by Elon Musk and its implications for the evolving tech market.
38:18
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Quick takeaways
- The optimism surrounding the potential resurgence of tech IPOs in 2025 is influenced by easing regulatory constraints and stabilizing interest rates.
- The contrasting performance of large tech firms benefiting from AI hype versus smaller software businesses highlights ongoing valuation challenges and market uncertainty.
Deep dives
Optimism in the IPO Market
The mood at a recent technology conference revealed a newfound optimism among public and private companies regarding the potential resurgence of the IPO market as they look forward to 2025. Attendees expressed excitement about the opportunities that might arise as regulatory constraints ease and interest rates stabilize. Many investors are hopeful that the market's growth trend will continue, fueled by a favorable economic climate and an earnings upgrade cycle, particularly in the software sector. However, questions remain about whether this optimism can be sustained into the new year, especially given the mixed performance of small and mid-cap tech stocks.
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