The market for initial public offerings is open for companies in “pretty much all sectors,” with firms benefiting from waiting for their IPOs,
“The companies that come to market are better companies,” Martin said in a Bloomberg Television interview Monday. “You look at the companies that have gone public, it’s not the first time they have been in the news about an IPO. Look at Circle, for example.”
Circle went public in June after first announcing its interest in an IPO in 2021 and now has “a more refined strategy.” Companies taking longer to go public as a result of market volatility has been a boon for their overall quality, Martin said.
She cited software company Figma, which raised $1.2 billion, with shares priced at above the marketed range, following a failed acquisition by Adobe. First-time US share sales have totaled more than $21 billion this year, up from $20.2 billion in the same period of 2024. While the expansion is led by technology firms, it’s being seen across industries, Martin said.
She also touted the growth her firm’s new NYSE Texas exchange, where 20 new listings have been added since its introduction at the end of March.
“New York’s always going to be an important epicenter for markets,” Martin said. “But I think it’s interesting — the pro-business moves. And then ultimately what the pro-business moves in Texas will lead to on the federal level, more than anything.”
Martin also said the surge in retail investment bodes well for overall market health.
“The markets are incredibly healthy. Our markets are the envy of the world,” she said. “Any one day, though, there could be excitement about a different name. I think what you are seeing is a lot of the pent-up demand looking for the new issues and new things to trade.”