Foley & Lardner LLP partner Louis Lehot assessed the prospect of an incoming IPO resurgence in the Law360 article, “Fall IPO Pickup Could Be A Prelude For 2025 Recovery.”
“There is a strong backlog of companies that want to go,” Lehot emphasized. “But until you see interest rates cut and demand come up, it’s really hard to jump out there into the cold, freezing tundra.”
Lehot added that the price of bitcoin is also worth watching as a barometer of investors’ risk appetite, with a hearty appetite necessary to spur a broader IPO recovery. With Bitcoin trading up more than 50% year to date, Lehot said this could be promising for IPOs headed into 2025.
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