Following a record year for initial public offerings (IPOs), technology firms are looking at the equity markets in 2014 with confidence. "People have made money in the asset class, and investors and issuers will be encouraged by that momentum,” says Richard Cormack, co-head of equity capital markets for Europe, the Middle East and Africa (EMEA) at Goldman Sachs.
“Therefore, the pipeline across the street is pretty strong as we move into the March/April period and I would expect to see a fairly heavy backlog executed at that time. Assuming that the market holds out, then I think the momentum in IPOs will follow through for the balance of the year.
