Global capital markets: 2013 marked as the year of the ‘come-back’. What’s in store for 2014?
In the end, 2013 did not disappoint. With resurgence in equity offerings, promising company valuations and greater market liquidity, it’s no wonder that some were keen to label 2013 as the ‘year of the come-back’ for listings on the global capital markets.
High-profile initial public offerings (IPOs) on both sides of the Atlantic dominated the headlines throughout the year, as both retail and institutional investors rushed to subscribe for stakes in popular household brands. This year’s volume and value of listings in the UK far overshadowed those in 2012, which was a difficult year for IPOs and secondary listings in Europe. Private equity houses were also keen to bank their share of the renewed optimism, choosing to exit their long-held assets via IPOs on the UK equity markets.
Rallying markets indicate increased consumer confidence, which in turn suggests that economic recovery beckons. The momentum of activity is likely to continue in 2014. Several companies have announced that they are getting their house in order for an IPO in the first quarter of 2014, and if successful we can expect to see a wide range of companies jumping on the IPO bandwagon later in the year…
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