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Global law firm Baker & Mckenzie sees a strong IPO (initial public offering) pipeline of nearly $ 3 billion this year, taking the tally to a six-year high of $5.8 billion. Financials, insurance, telecommunications, industrials, consumer products & services and health care are set to be the busiest sectors in the next 12 months.
According to Baker & Mckenzie, which advises Indian and foreign companies on cross-border deals, the flurry of IPO activity is likely to continue well into 2017, driven by upbeat economic sentiment, improved business confidence, easing inflationary pressure and stable foreign direct investment inflows.
