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Top related persons:
Daniel Burton - 1 Morgan - 1 Goldman Sachs - 1 Electric's - 1 Alex Wellins - 1 Keith Townsend - 1 Echo Wang - 1 Lance Tupper - 1
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YORK - 1 LSEG - 1 Intelligence - 1 Bank of America Corp - 1 Dealogic - 1 Reuters Graphics - 1 Federal - 1 Goldman - 1

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2 mentions found


☆ Analysis: Stock sale frenzy foretells US IPO market comeback
  + stars: | 2023-06-21 | by ( Echo Wang Lance Tupper | Echo Wang | Lance Tupper | ) www.reuters.com   time to read: +4 min
This spike bodes well for the IPO market, bankers say, because both new listings and secondary stock sales rely on strong demand from equity investors. "Historically, follow-on activity of this magnitude should lead to animal spirits in the IPO market," said Daniel Burton-Morgan, head of Americas syndicate for equity capital markets at Bank of America Corp (BAC.N). The IPO market has been in the doldrums since the start of 2022, when Russia's invasion of Ukraine and a spike in inflation fueled a bout of market volatility as investors fretted over U.S. interest rate hikes. The week of June 5 saw 19 follow-on and secondary stock sales in the United States, totaling proceeds of $6.6 billion, one of the highest weekly tallies since the end of 2021. IPO HOPEFULSMajor companies are waiting in the wings to launch their market debut come September, when the IPO window traditionally opens after a summer lull.
Persons: Daniel Burton, Morgan, Goldman Sachs, Electric's, Alex Wellins, Keith Townsend, Echo Wang, Lance Tupper, Greg Roumeliotis, Sam Holmes Organizations: YORK, LSEG, Intelligence, Bank of America Corp, Dealogic, Reuters Graphics, Federal, Goldman, Intel Corp, GE Healthcare Technologies, SoftBank Group Corp, chipmaker, Holdings, Blueshirt, King, Spalding, Thomson Locations: United States, Ukraine, Cava, New York
☆ Global IPOs marred by banks and recession enjoy few bright spots
  + stars: | 2023-03-31 | by ( Pablo Mayo Cerqueiro Echo Wang Elisa Anzolin | Pablo Mayo Cerqueiro | Echo Wang | ) www.reuters.com   time to read: +5 min
Despite a rebound in fundraising and block trading activity, year-to-date IPO volumes came in at their lowest level since 2019. Equity capital markets (ECM) advisers, however, are optimistic of a recovery in listing activity in the latter part of the year. In the United States, IPO volumes jumped more than 50% from the fourth quarter of 2022, but were still 11% down from the same period last year. IPOs briefly flickered back to life in February, as companies including solar tech firm Nextracker (NXT.O) and Chinese sensor maker Hesai Group (HSAI.O) pushed ahead with their listings. RECOVERY DELAYEDIn Europe, investment bankers said the market volatility spurred by the banking crisis is likely to affect the pipeline of deals.
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