January 2024 Quarterly InsightsCategory

Expect a More Active IPO Market in 2024

By Equity Capital Markets Team
1 min read

After two years of limited IPO activity, we are cautiously optimistic about 2024. 

  • The strong equity market performance in 2023 (S&P 500 +[23]%, Nasdaq [+42%], and Euro Stoxx 50 +[20%]), combined with reduced volatility has companies and financial sponsors reevaluating their IPO plans and timing. 
  • We have recently seen an acceleration in private companies starting, or in some cases, re-starting their IPO processes. 
    • With US elections later in 2024, we expect Q2 and Q3 to be the most active windows for IPO execution.
    • While the increase in IPO activity will be gradual, we recommend that anyone considering a 2024 IPO should engage in timing discussions now.