Will the IPO Wave Derail Equities

The current wave of US equity issuance is a symptom of healthy market demand rather than a trigger for a broader sell-off. History suggests that issuance cycles tend to align with strong equity returns.

Key Takeaways

• 1.Equity issuance waves historically coincide with strong market returns, not stress, as issuance is driven by demand and momentum.
• 2.Current equity issuance, while rising, is small relative to total S&P 500 market capitalization.

Table of Contents

• DB CoTD: Will the IPO wave derail equities?
• Appendix 1
• Important Disclosures
• Analyst Certification
• Additional Information