Navan

In our latest edition of CFO Briefing, I talk to executives about the outlook for IPOs after the Fed’s rate cut. Sign up: https://lnkd.in/eNvp3uYN Falling interest rates, buoyant equity markets and an economy that’s still chugging along all point to an improved outlook for IPOs in 2025. Case in point: A majority – or 59% – of CFOs in a recent survey by the SoftBank Vision Fund said they expect the IPO window to fully reopen in 2025. Some 35% of respondents anticipate that to occur in 2026 or later, according to the data, which was first seen by Bloomberg. The remaining 6% see the IPO spigot reopening this year. Lower rates, in particular, will likely entice more companies over time, said Navneet Govil, the CFO of the fund. “If you look at it in terms of our founders and entrepreneurs, they’re looking for a Goldilocks economy where you have healthy growth, moderate cost of capital and low market volatility,” he said. CFOs at startups and private companies with IPO potential are running their finances differently than peers did in 2020 and 2021, when rates were at rock bottom. These days, with rates headed lower but still above those earlier levels, growth remains important. However, being profitable — or at least on a path toward profitability — is key. Elsewhere, CFOs at firms that are already public are weighing a different set of considerations, including evaluating where their shares are listed and whether it makes sense to move to another exchange. New York has attracted various European companies in the past year, including packaging firm Smurfit Westrock and building materials supplier CRH. Read more from finance executives at Sysdig, Navan, Smurfit Westrock and McKinsey & Company here. Thank you to Navneet Govil, Karen Walker, Amy Butte, Ken Bowles, Andy West, Rowan Brown, Beejoli S., Brenna Tilkes, Kelly Soderlund, Lorena Monsalves, Suzy Davis, Tom Contiliano, Bailey Lipschultz, Arianna Vedia and, as always, Beth Williams Liou! #ipo #goingpublic #profitability #fed #interestrates #growth #primarylisting https://lnkd.in/edyJZCkZ

In our latest edition of CFO Briefing, I talk to executives about the outlook for IPOs after the Fed’s rate cut. Sign up: https://lnkd.in/eNvp3uYN Falling interest rates, buoyant equity markets and an economy that’s still chugging along all point to an improved outlook for IPOs in 2025. Case in point: A majority – or 59% – of CFOs in a recent survey by the SoftBank Vision Fund said they expect the IPO window to fully reopen in 2025. Some 35% of respondents anticipate that to occur in 2026 or later, according to the data, which was first seen by Bloomberg. The remaining 6% see the IPO spigot reopening this year. Lower rates, in particular, will likely entice more companies over time, said Navneet Govil, the CFO of the fund. “If you look at it in terms of our founders and entrepreneurs, they’re looking for a Goldilocks economy where you have healthy growth, moderate cost of capital and low market volatility,” he said. CFOs at startups and private companies with IPO potential are running their finances differently than peers did in 2020 and 2021, when rates were at rock bottom. These days, with rates headed lower but still above those earlier levels, growth remains important. However, being profitable — or at least on a path toward profitability — is key. Elsewhere, CFOs at firms that are already public are weighing a different set of considerations, including evaluating where their shares are listed and whether it makes sense to move to another exchange. New York has attracted various European companies in the past year, including packaging firm Smurfit Westrock and building materials supplier CRH. Read more from finance executives at Sysdig, Navan, Smurfit Westrock and McKinsey & Company here. Thank you to Navneet Govil, Karen Walker, Amy Butte, Ken Bowles, Andy West, Rowan Brown, Beejoli S., Brenna Tilkes, Kelly Soderlund, Lorena Monsalves, Suzy Davis, Tom Contiliano, Bailey Lipschultz, Arianna Vedia and, as always, Beth Williams Liou! #ipo #goingpublic #profitability #fed #interestrates #growth #primarylisting https://lnkd.in/edyJZCkZ