Global IPOs See Most Active First Quarter In 3 Years Amid Euphoria

Aided by robust equities market and strong investor exuberance/sentiment, global IPOs saw the most active first quarter in 3 years, points out an EY study. EY in its “Private Equity, Public Exits Q1 2014 Digital Edition” points out that two-thirds of PE-backed IPOs closed at or above their offer price on March 31st. PE-backed IPO pipeline doubled The EY report highlights that though the year is young, the industry is on pace to exceed the record activity last seen in 2013 for PE-backed IPOs, clocking $58.5 billion across 187 deals. During the last three months, the PE-backed IPO pipeline has more…