Mega IPOs could turn the tide in public equity issuance: Fidelity manager
George Efstathopoulos says private debt faces headwinds, such as higher interest rates
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[HONG KONG] Mega initial public offerings, such as those of SpaceX and the impending launches of Anthropic and OpenAI, could herald a fresh era of public equity issuance, said George Efstathopoulos, Fidelity International portfolio manager.
Speaking in an interview on the sidelines of Fidelity’s Asia-Pacific media investment conference in Hong Kong on Jun 11, he said: “Free floats have been coming down and down. As active investors, our universe has been shrinking...
“But now, we might have found the trough, and we’re back to equity issuance. I think private debt may face some headwinds.”
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