Foundations of IPO Market Are Strong, Citi's Drury Says

The video discusses the current state of the equity and IPO markets, highlighting strong investor sentiment and high equity valuations. It explores the potential of the UK market post-Brexit and the relative value opportunities for US investors in Europe. The video also emphasizes the importance of growth and profitability in IPO investments, noting that investors are willing to pay for predictable and secure growth.

What factors are contributing to the current strength of the IPO market?

How do geopolitical factors influence the equity market according to the text?

What is the significance of the UK IPO mentioned in the text?

Discuss the relative value trade mentioned for US investors looking at Europe.

What are investors looking for in terms of growth and profitability?