Even as the IPO market in the US currently lacks activity for the summer, a number of investment bankers are somewhat optimistic that the deals will start up again by September or even increase until the end of the year.
According to David Hermer, the Americas equity capital markets head of Credit Suisse Group, the middle part of September until the fourth quarter may see increased activity if no major economic issues will emerge. A number of good deals are reportedly being worked out and investors are waiting for the chance to increase their investment returns.
A number of companies are reportedly on file with the SEC, which would result to a number of launches in the fourth quarter of the year. The offerings that are currently in the pipeline include a deal worth $1 billion from Domus Holdings Corporation, a $700 million deal from Coty Inc. and a deal worth $1.75 billion from Intelsat, a satellite services provider. Domus Holdings Corporation is the parent company of Sotheby’s International Realty, Century 21, and Coldwell Banker while Coty Inc is a cosmetics and perfume company.
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A number of IPO filings are expected to be unveiled soon as a number of companies that filed their respective prospectuses with the SEC in the alt few months through the confidential-filing provisions are expected to make them public 21 days prior to the promotion of the deals to possible investors
Marc Jaffe, global capital markets practice co-chair of Latham & Watkins LLP is expecting a number of IPO offerings in the coming weeks as the schedules of the planned road shows draw nearer.
However bankers have indicated that investors may not be drawn to all of the upcoming deals following the reduction of prices of recent IPO issuances by a number of companies in the US instead of pricing them in the estimated price range.
