"The IPO window is no longer just open..." - Dan Primack
"The IPO window is no longer just open. It's been shattered, had its frame removed and is now a chasmal cavity for capital." - Dan Primack earlier today, in his Axios Pro Rata daily newsletter.
Among his cited observations were the sheer number and diverse nature of the current IPOs coming to market, including the Meituan-Dianping IPO reportedly headed to Hong Kong.
Primack points to three main drivers of this recent surge in IPOs: favorable pricing compared to the S&P, an increase in M&A activity, and a desire for companies to leave the market now ahead of uncertainty regarding trade wars and new restrictions on Chinese investments.
Full article on Axios - HERE