Reported 6 months ago
Barclays Plc is observing signs indicating that the long dry spell in IPOs may be ending as investors and corporate leaders gain more clarity on central banks' plans to lower interest rates. Barclays, which recently assisted CVC Capital Partners Plc in raising €2.3 billion in Europe's third-largest IPO this year, anticipates more IPO activity from clients. Despite ongoing uncertainty in the US regarding Federal Reserve rate cuts, the potential divergence between US and European rates could attract investors to Europe. Barclays is expected to see an increase in equity underwriting revenue in the second quarter, driven by recent high-profile deals and the growing interest in artificial intelligence-related investments.
Source: YAHOO