The past 12 months saw some of the lowest levels of new
equity listings in recent years. When it comes to what to
expect in 2020, it seems unlikely that the market will see a
Another year of potential geopolitical issues, only
exacerbated by the fallout between Iran and the US, as well as
the upcoming election in the US means another lacklustre year
could be on the cards.
However, UBS’ head of equity capital markets
cash Gareth McCartney, remains cautiously optimistic.
"The equity market has proven itself resilient to political
uncertainty, considering the unprecedented scale of upheaval
and surprises in UK politics and beyond. Underlying price
action has been very robust," he said.
In spite of this, last year also saw some initial public
offerings (IPOs) deliver poorer-than-expected results. Uber and
Lyft in the US are just two examples of companies that arguably
created more problems than...