Bankers and analysts reading the runes for company flotation prospects this year see signs of improvement.
Things could hardly get worse: despite an uptick in the fourth quarter, 2012 was the worst year in terms of global initial public offerings since the depths of the crisis. In Europe volumes were down 60 per cent year on year and in Asia by 40 per cent, according to Dealogic.
But bankers and analysts spy prospects of a gradual improvement in the new issue market through 2013, if not a full recovery.
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