OMGI's Nickols: Election will trigger early 2015 IPO season

clock

Old Mutual UK Smaller Companies manager Dan Nickols has noted the "rich source of ideas" represented by the IPO market ahead of 2015's listing season.

A flurry of IPOs in early 2014 sparked concerns about the valuation of shares in the newly-floated companies. Expectations of a second burst of activity in the autumn were dampened by the October volatility. But Nickols (pictured) has bought nine companies which floated this year, meaning IPOs represent close to 10% of his portfolio. He expects another IPO season early in 2015. He said: "The general view is that the IPO market has been a disaster. I think that is unfair. "If you look at it in the round, we think it has added a lot of value. The problems in the IPO market were more ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Partner Insight: Attractive yields but narrow spreads - The credit dilemma

Partner Insight: Attractive yields but narrow spreads - The credit dilemma

Arif Husain, Head of International Fixed Income and Chief Investment Officer, Fixed Income at T. Rowe Price
clock 14 February 2024 • 4 min read
Partner Insight: US SMID - Seven questions answered

Partner Insight: US SMID - Seven questions answered

After a bumpy 2023, small- and medium-sized US companies are now in a good place to outperform in 2024, argues fund manager Mark Sherlock.

Federated Hermes
clock 12 February 2024 • 6 min read
Equity funds gather highest inflows in three years as investor confidence returns

Equity funds gather highest inflows in three years as investor confidence returns

Calastone Fund Flows index

clock 07 February 2024 • 3 min read
Trustpilot