2014 Good Year for IPO Performance: Hessberger

The video discusses the performance of IPOs in Europe compared to the US, highlighting a significant interest from US fund managers in European IPOs. It explores the equity capital markets, noting a record amount of equity raised in Europe. Factors driving market activity include supportive ECB policies and potential economic uplift. Trends in IPOs, M&A, and private equity exits are examined, along with the shift of some companies from public to private. The video concludes with predictions on future market drivers, emphasizing M&A as a key factor.

What was the general performance of European IPOs compared to US IPOs?

• US IPOs were not significant in the market.

• Both performed equally well.

• European IPOs outperformed US IPOs.

• European IPOs underperformed US IPOs.

What was a key driver for the record equity capital raised in Europe?

• Fund flows and M&A activity

• Increase in European consumer spending

• Reduction in European interest rates

• Decrease in US investments

What new trend in IPOs is mentioned in the discussion?

• Carve-out IPOs

• Direct listings

• Reverse mergers

• SPACs

What challenge did the market face with the Alibaba IPO?

• Competition from other IPOs

• Market's ability to absorb a large IPO

• Lack of investor interest

• Regulatory hurdles

What advantage does Michael Dell mention about being a private company?

• Easier access to public funding

• Ability to take on more risk

• Higher market valuation

• Less regulatory scrutiny

Why are debt markets attractive for companies considering going private?

• Stable currency exchange rates

• Low interest rates

• High interest rates

• Increased government incentives

What is expected to be a major driver of market activity in the coming years?

• European economic growth

• Technological advancements

• Trade policy changes

• Mergers and Acquisitions (M&A)