As 2013 gets into full swing, there is a lot of speculation about this year's IPO market. In a recent survey of US transaction attorneys by KCSA Strategic Communications, the majority of respondents predicted a flat IPO market in 2013 because of continued economic uncertainty, instability in the Eurozone, and decreased consumer confidence.
These issues will undoubtedly be on many minds next week when public and private company management teams, institutional investors, analysts, investment bankers, and members of the media gather at the 15th Annual ICR XChange in Miami. Hosted by financial communications firm ICR, which provided communications counsel for 23% of US IPOs last year, the event is an opportunity for attendees to hear corporate strategies, learn about capital market trends, and evaluate investments.
Planned listings worth $200 billion were in the global IPO pipeline at the beginning of this year, and at least 294 companies were preparing to raise capital through IPOs, according to a 2012 year-end review of the global IPO market by research firm Renaissance Capital. Those listings would be good news following a year when global IPO activity dropped 29.7% to $97 billion, the lowest level since 2008.
I'm planning to share more insight on the IPO market and other corporate issues when I attend ICR XChange next week.