Hello, Crystal here in New York. Welcome to the Bloomberg Deals newsletter’s Friday edition. We spoke to a top IPO dealmaker at Morgan Stanley about what issuers are thinking during all this volatility. We also look at another Citi divestiture in Asia and a Russian bank deal unwinding due to geopolitical risks.
Today's top stories
The IPO market is off to a slow start in 2022 around the world. In the U.S., on the back of a record year, only 37 companies, including SPACs, have gone public so far, just a third of the count at this point in 2021. It’s not going great in Europe either. I spoke to Andrew Wetenhall, co-head of ECM in Americas for Morgan Stanley about what the year will look like. — Crystal Tse