Finance
Deals Rebound Crashes Into a New World of Risk to End the Year
- IPO window may reopen in first quarter, says KPMG’s Moore
- Pickup in secondary share sales, convertible issuance expected
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Just when it looked like Wall Street was seeing a rebound in equity fundraising, bankers and would-be issuers are pumping the brakes.
War in the Middle East, surging Treasury yields and a fickle market for new issues are all risks that are expected to slow already depressed deal flow to a trickle this quarter by ramping up market volatility and dimming investors’ risk tolerance.