Davis Polk partner Roshni Banker Cariello shared her thoughts on the current IPO outlook with Law360. She noted, “There is certainly a strong pipeline of companies, which importantly continues to build,” but added that “prospective issuers are still largely in wait-and-see mode for the markets to stabilize and for the right window to open.”

When asked which companies are likely to move forward with their IPOs first once the markets recover, Roshni explained, “The first companies out of the gate are more likely to be marquee names and companies with proven profitability and sustainable cash flow.” She noted that she is hopeful for a stronger second half of 2023.

“IPO Prospects Seek Calm After Turbulent Start To 2023,” Law360 (April 7, 2023) (subscription required)

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