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The initial public offering market stumbled last year amid stock market volatility, presidential election jitters, and a public-private valuation disconnect for tech companies. But market participants expect a rebound in 2017.
"Last year was an aberration because of the way the stock market behaved," says David Erickson, a senior fellow and lecturer in the finance department at the University of Pennsylvania's Wharton School and a former co-head of global equity capital markets at Barclays. "For 2017, I would expect a more normal IPO market, assuming markets behave." Read more...
Source: Business Insider