NEW YORK, March 10 (Reuters) - There is a healthy

pipeline of U.S. initial public offerings, but investors are

looking for more certainty in markets, Adena Friedman, chief

executive officer at exchange operator Nasdaq, said on

Monday at the FIA Boca conference in Florida.

Friedman said markets are currently in a period of

uncertainty as they try to navigate the changes coming out of

the Trump administration.

Still, she believes pockets of opportunities will open up

because the U.S. economy remains resilient.

"We have to assume that there will be windows that will

open. The underpinning of the economy remains resilient,"

Friedman said. "So, it's really a matter of creating a little

more certainty in the environment that gives investors that

confidence. But ... it feels very healthy in terms of pipeline."

The U.S. IPO market started picking up in 2024 after

recession fears and high interest rates drove it into a two-year

slump. However, it remains lower than highs seen in 2020 and

2021 when low rates and high valuations increased the

attractiveness of public markets to investors.