Judging by the initial public offerings (IPO) that already have come to the market this year, along with investment bankersâ€™ predictions for the remainder of the year, the economy is indeed looking up. â€śIf the investment bankersâ€™ predictions play out, it will be a good year,â€ť says Wendy Hambleton, partner in the capital markets area with accounting firm BDO. BDO recently surveyed 100 capital markets executives to get their thoughts on the market for IPOs during the second half of 2011.
More than half of the investment bankers surveyed predicted continued growth in the number and size of IPOs during the second half of 2011. Nearly 60 percent of respondents forecast an increase in the number of IPOs with 18 percent predicting a substantial jump. Only 13 percent anticipate a drop, and 28 percent said the market would remain unchanged.