Quick News Bit

IPO pipeline is likely to get stronger, says Equirus’ Garg


Frenetic activity in the IPO market will likely grow even stronger, driven by private equity funds that are sitting on a large portfolio of companies that are ripe for exits, said Ajay Garg, managing director of investment banking firm Equirus Capital.

“We’ve never seen such consistent activity in the primary market the way we have seen in the last 15 to 18 months. And if you look at the data from 2007-08 to now, private equity has continuously pumped in around $25-30 billion in every year,” Garg said in an interaction with Mint.

“Cumulatively, you’re talking of over the last 13 years period, close to $350-400 billions of investments. Assuming that those companies have all matured and they’re looking from an exit perspective, then you are sitting on a trillion-dollar worth of good companies which will hit the market,” said Garg.

The liquidity-driven momentum in the equity capital markets is also feeding into other areas of dealmaking, resulting in strong pipelines for investment banks.

“Each of our teams—infrastructure, financial services, fintech, technology and healthcare—are all very active right now,” he added.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
our App Now!!

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment