With markets awash with liquidity, global IPO deal numbers and proceeds have posted the best performance in 20 years. This is before we include the SPAC IPOs, which in Q1 alone completed more deals and raised more proceeds than the record-breaking full year of 2020.
Despite this, investor sentiment remains fragile. There is fear of a market correction on the horizon, with uncertainties over possible new waves of the pandemic stalling the economy recovery, the speediness of the vaccination program roll-out and the potential disruption to the financial system caused by banks scaling back on leverage offered to professional investors.
Companies in the right sector, with the right story and that are well prepared, will want to catch the open IPO window now.