Traders working at the New York Stock Exchange (NYSE), on Sept. 20th, 2023.
NYSE
Initial public offering activity should recover in 2024 as borrowing costs come down and equity markets are less volatile, the vice-chair of the New York Stock Exchange said in an interview on Monday.
“We have a robust pipeline from across sectors and geographies,” John Tuttle told the Reuters Global Markets Forum ahead of the World Economic Forum’s annual meeting in Davos. “It’s just finding that time when investors have the appetite for these companies, and companies are ready to go.”
After 2016, IPO activity had been at its lowest level in 2023, as rapid interest rate hikes and uncertainty over global economic growth crimped investor interest in new listings.
Tuttle attributed the pickup in confidence to more stability in U.S. interest rates, record-high equity indexes and relatively low market volatility.
“We certainly see an upward trajectory, (with IPO…
