INTERVIEW: NYSE Euronext Amsterdam Sees 2 To 3 IPOs In '09
04 Agosto 2009 - 4:30PM
Dow Jones News
The Amsterdam branch of stock exchange operator NYSE Euronext
(NYX) foresees two-to-three initial public offerings, or IPOs, this
year if the current optimism on global stock markets continues, and
expects that in 2010 and 2011 the flow of IPOs will improve.
Companies have become much more interested in an IPO compared to
six months ago, said Lisette Spaanbroek, Managing Director Listings
at NYSE Euronext, in an interview with Dow Jones Newswires
Monday.
"Half a year ago, companies were clearly not interested in a
short-term IPO. However, at the moment a number of companies are
preparing for one in 2010 and 2011", she said.
Firms in search for cash are turning to capital markets, as they
struggle to secure loans from banks or private equity firms,
Spaanbroek said.
She couldn't say how many companies have requested an IPO so
far.
Mark de Graaf at ING Wholesale Banking said he expects the first
IPO candidates to have "critical mass, a dominant market position
and will be either state- or private equity-owned."
If the IPOs of these firms prove successful, investors will grow
more confident, which will result in high-risk companies also
seeking a flotation, De Graaf said.
Meanwhile, investors are mainly focusing on securing their
existing investments, he added. "However, when the economic
recovery is sustainable, and more cash becomes available, interest
for IPOs will gain ground."
Company Web site: www.euronext.com
-By Anna Marij van der Meulen; Dow Jones Nieuwsdienst,
+31-20-5715 201; annamarij.vandermeulen@dowjones.com