Execs Bullish on IPOs
A majority of senior executives at companies that recently went public expect the U.S. initial public offering market to pick up this year, a recent survey found.
Among 100 executives surveyed, 81 percent said they believe the amount of capital raised by IPOs will remain steady or increase over the next 12 months, according to New York-based law firm Nixon Peabody.
Most respondents said they expected to see the most IPO activity in the health-care, e-commerce, financial services, and energy industries.
This year, first-quarter IPOs reached a seven-year high with 64 businesses raising a total of $12.1 billion. By contrast, 137 businesses went public in the first quarter of 2000, raising a total of $21.8 billion.