December 16, 2016 Comments Off on IPOs Looking Up in 2017 Views: 481 Midwest, National News, Northeast, Southeast, Southwest, West

IPOs Looking Up in 2017

This year was a dismal one in regards to companies going public. According to executives at the New York Stock Exchange and Nasdaq, 2017 should paint a different picture as private equity firms look to exit their investments, the uncertainty from the presidential election has calmed, and the Fed’s interest rate decisions are more defined.

Companies are feeling a greater sense of security to go public since Trump has been elected because not only has uncertainty waned, but tax cuts and deregulation are also up ahead. The two big players who are expected to ring the bell in 2017 are Snapchat’s parent, Snap Inc., and Uber Technologies.

In 2009, following the economic crisis, only 56 companies listed their shares. This year, 25 percent of the 102 companies that debuted are below their IPO value. However, Nasdaq’s vice president and head of new listings told Reuters that there are 96 applications already actively filed to list on Nasdaq in 2017.

Read More at Reuters

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