AMERICAS

摘要

Like current temperatures, expectations are running high that the post-Labor Day ECM window will see a flurry of IPOs. In an already tough year for IPOs, with proceeds down 65% and with the upcoming Presidential election and rate talk making this a tricky time to price any deal, there remains a risk these hopes are again frustrated. Though none launched last week and only four US$50m-plus deals priced in August (slower than 2014's 10 deals), bankers said there are surely a lot of IPOs that could launch if conditions are right. JP Morgan has said it has 20 IPOs globally ready to go in September. Yet some of the optimism has more a tinge of "hyperbole" about it, one rival said last week. In terms of tech IPOs, there are not many deals ready to go, judging by the public pipeline.