Davis Polk partner and Capital Markets practice co-head John Meade discussed capital markets activity over the past year and the deal outlook for 2025 with Law360.

John noted that he had a busy workload handling large deals even as total IPO volumes were modest over the last twelve months. He explained that spin-offs of existing companies are generating new entrants into public markets, plus more European companies are shifting their primary listings to the U.S. in order to tap a deeper pool of investors.

“Everyone is hopeful that with no elections, lower interest rates and — as we move further away from the highs of 2021 — that we’ll have a more balanced IPO market,” John said.

Capital Markets Attorneys Ready For Reset After Bumpy 2024,” Law360 (December 20, 2024) (subscription required)