BMO Predicts as Much as $50 Billion in US IPOs Next Year
- ‘We’re entering a pretty unique period of time,’ says Benedict
- IPO activity has been tame for the better part of three years
The improving backdrop for IPOs will help to increase the appetite for taking companies public.
Photographer: Daniel Acker/BloombergThe market for US initial public offerings is expected to accelerate next year, according to senior bankers at BMO Capital Markets, potentially pushing the volume of such deals to a four-year high.
Proceeds for companies selling shares for the first time in the US will probably be between $40 billion and $50 billion next year, according to Eric Benedict, BMO’s co-head of global equity capital markets. That would mark a pick up of at least 32% from what the market has seen so far this year, when measuring companies that raised more than $20 million and when teasing out blank check firms. It would also be the most since the pandemic-rally-fueled boom in 2021, data compiled by Bloomberg show.