IPO market nearly paused, but exchange leaders expect 2023 boost

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference.

“The reason companies aren’t coming to market isn’t because the public market currency isn’t strong,” she said in an interview on Wednesday. “In fact, our pipeline is tremendous. The reason these aren’t coming to market is because of all the volatility in the market.”

There are about 200 companies currently waiting to go public on the Nasdaq, which is below the range of 250-300 over the past few years, Nasdaq Inc CEO Adena Friedman said on Wednesday. “We are hopeful that the second half of 2023 becomes an opportunity for companies to get out, but I would expect a quiet first half,” she said.

Nasdaq postponed the IPOs of several small Chinese companies in October as it investigated short-lived rallies following the IPOs of such companies, while earlier in the year, five Chinese state-owned enterprises whose audits have been under scrutiny by U.S. regulators delisted from the NYSE.The NYSE’s Martin said a potential deal between U.S. and Chinese authorities over allowing U.S. audits of China-based firms appeared promising.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ortigas Land excited on revenge investment in 2023 - BusinessMirrorPremier property developer Ortigas Land is bullish that 2023 will be robust because of the expected revenge investment by investors. For one, property management firm Colliers reported a positive outlook reporting in the first nine months of 2022, pointing out that residential condo take-up increased to a total of 14,900 units, outpacing 2021’s full year
Source: BusinessMirror - 🏆 19. / 59 Read more »