DAVOS, Switzerland, Jan 22 (Reuters) - A strong U.S. economy and lower interest rates
could foster a surge in the number of initial public offerings in 2025, building on the recent
momentum, a top executive at the New York Stock Exchange said on Wednesday.
The change of guard at the Securities and Exchange Commission may also streamline the
process to go public, potentially easing the burden for private companies weighing IPOs, the
exchange's vice president of listings and services, Chris Taylor, told the Reuters Global
Markets Forum.
"There are certainly a lot of companies that are thinking about accessing public markets.
Interest rates for the time being have stabilized. There's a lot of confidence trickling within
the U.S. right now," Taylor said, on the sidelines of the World Economic Forum in Davos,
Switzerland.
The comments illustrate growing optimism in corporate boardrooms, where executives are
moving forward with their IPO plans after a prolonged period of uncertainty.
An expected wave of deregulation and corporate tax cuts under the Trump administration has
also boosted sentiment.
Genesys, an AI-driven developer of call center software, and Sweden's payments giant Klarna
are among the heavyweights expected to go public in the U.S. in the next few months.
PRIVATE FOR LONGER
While the IPO market is showing signs of recovery, some of the most high-profile startups
such as OpenAI and SpaceX have preferred to stay private for longer, raising money from venture
capital investors instead.
Critics say the reluctance to list stems from the costly and cumbersome paperwork associated
with an IPO.
Taylor said the new SEC regime could be more favorable.
"We think (public markets) are the best place for price discovery, access to capital and
universal access to investment. We're very hopeful that things will become more positive," he
said.
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