Capital markets executives at leading investment banks are projecting continued growth in initial public offerings on U.S. exchanges in 2014, according to a new survey by accounting and consulting firm BDO USA that projects $66 billion in IPO proceeds on U.S. exchanges this year.
Sixty-three percent of the investment bankers surveyed by BDO predict an increase in U.S. IPOs in the coming year, while 27 percent forecast that activity will be flat compared with 2013. Only 9 percent of the survey respondents expect a decrease in offerings on domestic exchanges. Overall, bankers predict a 9 percent increase in the number of U.S. IPOs in 2014. They anticipate these offerings will average $273 million, which projects to $66 billion in total IPO proceeds on U.S. exchanges.
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