The U.S. IPO market was closed during the recent government shutdown, but bankers are still confident that 2019 will be a strong year for deals. That’s according to a new survey by BDO USA, which found 71% of capital market executives at leading investment banks believe IPO activity will increase, or at least be flat, with 2018, the best year for deals since 2014. The survey was conducted in December when markets were already experiencing a correction, but bankers remained optimistic despite more than half of them expecting further corrections in 2019.
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