The IPO Hopeful’s Dilemma: Cram Into Fall or Wait for ’25
- Some to test markets as US election narrows available dates
- Greater China listing slump weighs on global IPO volume
This article is for subscribers only.
Companies itching to go public face a tough choice as the fall IPO window opens: take the leap with markets near all-time highs, or wait until next year when risks around interest rates and the US election have faded.
The window, roughly the nine-week stretch from Labor Day until the Nov. 5 vote, will likely be the last chance this year for a clutch of the best-prepared companies. Initial public offering bankers and advisers expect the election will freeze activity globally, putting a damper on IPO volume, which is unlikely to overtake last year’s even after bouncing back in the first half from the post-pandemic lull.