Clearer messaging on central bank policy in the coming months will boost the market for initial public offerings in 2024 as confidence for companies and investors builds, according to Citigroup Inc.’s head of Australia and New Zealand.
“We certainly see a pickup in IPO activity into next year,” Mark Woodruff, said in a Bloomberg TV interview at the Citi Australia & New Zealand Investment Conference in Sydney on Wednesday. “If we look forward into 2024, if we get greater clarity around being toward the top end of the monetary policy cycle, the confidence will come back into the IPO market.”