Nasdaq CEO hopeful IPOs will pickup again in second half [Reuters]
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Source: Reuters
Nasdaq CEO hopeful IPOs will pickup again in second half April 8 (Reuters) - Nasdaq Inc is hopeful initial public offerings will pick up in the second half of 2020, but much depends on how well companies and investors emerge from the coronavirus pandemic, the head of the exchange operator said on Wednesday. Nasdaq had a strong pipeline of companies wanting to go public this year, but most IPO activity dried up after the first six weeks as markets were up-ended by the coronavirus crisis, Nasdaq Chief Executive Officer Adena Friedman told the Economic Club of Washington, DC. “Most companies are either just waiting for a better moment, when investors are more ready to put some risk capital to work, or they are being disrupted in their business models and they’re going to have to be able to demonstrate how they can bounce back or how resilient they are through that before investors are going to take that risk with them,” she said. Nasdaq has had 30 U.S. market debuts so far this year, but
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