$18bn pipeline of PE-backed IPOs forecast so far for 2011 – AltAssets

Posted on February 9, 2011 by


Around $18bn of private equity-backed company IPOs are forecast so far this year, as public markets continue to thaw.

According to the Financial Times, there are 50 private equity-backed companies that have registered their intention to go public, which could raise $17.9bn across global exchanges this year.

IPOs started to bounce back last year, but the recovery was rendered more sporadic than expected by prevailing market uncertainty, exacerbated by the economic distress of certain Eurozone countries.

Recent big ticket IPO cancellations included Blackstone scrapping a planned listing for Travelport in London after investors failed to bite at the offer price. Warburg Pincus’ Fairfield Energy also cancelled and IPO last July, and TPG and Apollo abandoning plans to take embattled casino operator Harrah’s Entertainment public.

January is already the biggest on record for IPOs since 2000, but the forecast $17.9bn is still dwarfed by the $35bn that was expected to be raised by 155 companies signalling intentions to go public at the start of 2010.

However, the $17.9bn total does not include private equity-backed companies that have yet to file, or were forced to withdraw an IPO last year but remain interested in going public.