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The head of the New York Stock Exchange sees a strong pipeline of potential initial public offerings this year
IPO activity is expected to pick up in 2024, according to NYSE Vice Chairman John Tuttle.
“We have a strong pipeline across sectors and geographies,” Tuttle told the Reuters Global Markets Forum ahead of the World Economic Forum’s annual meeting in Davos. “It’s just finding the time when investors have an appetite for these companies, and the companies are ready to take off.”
Tuttle said the rise in IPO activity can be attributed to increased stability in U.S. interest rates, higher benchmark stock indices and somewhat lower market volatility. IPO activity reaches its lowest point in 2023, after 2016, due to rising interest rates and broader economic uncertainty.
Read the full story here from Reuters.
– Piya Singh
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