Capital Markets and the State of IPOS in 2012 - Proshare
Capital Markets and IPOs in 2012 – An Opening?
April 18, 2012 / Proshare Research
This piece attempts a review of the global situation in the IPO market, seeking to usecomparative insights and analysis to understand the realities of the Nigerian bourse, and identifies why the current situation offers Nigeria a unique opportunity to clean houseand rebuild a more virile primary market.
The IPO market in 2012 is expected to be much stronger than anticipated in somecountries while the same story cannot be told of other countries as the primary market(
) in 2011 left much to be desired; indicating that the raising of fresh capitalis either on hold or still far from such markets due to their rate of recovery from theglobal financial crisis (and in some specific climes, internal issues related to depth,liquidity and lagging economic conditions).Stock markets over the years have played
an integral part in enabling businessesraise capital to expand and grow their businesses
. Activities in this regard havehowever been lethargic in the aftermath of the global financial crisis.
The questionable account of IPOs is definitely about to change in some markets despitethe general pessimism and underperformance of many popular offerings in 2011. Year2012 is forecast to see some very exciting underwriting activity
with more than 200companies waiting to go public
24/7 Wall St. evaluated and compiled a
list of top 1Pos to watch for in 2012
. The list includes:BATS Global Markets.Caesars Entertainment CorporationThe Carlyle Group, L.P.FacebookGlam MediaGogo Inc.GrowOp Technology Ltd.Kayak SoftwareLiving SocialPlatinum Energy Solutions, Inc.Restoration HardwareSilver Spring Networks, Inc.Smith Electric Vehicles CorpToys R UsTransUnionTwitterYelp!BATS Global Markets which was founded in 2005 first filed to go public in May 2011 andplans to raise up to $100 million through the offering. Facebook which has an estimated$100 billion valuation is one of the many IPO debutantes whose shares will be in highdemand.
After many years in the European technology scene, software firms in the region headedfor initial public offering in New York, spurred in part by mounting investor interest inFacebook’s $5 billion share sale.