Fox Capital Partners Appetite For IPOs Undiminished By Turmoil
Fox Capital Partners says appetite for IPOs among its institutional client base remains buoyant despite the summer's stock market turbulence.
- (1888PressRelease) November 07, 2015 - Shenzhen, China-based technology and alternative energy-focused broker-dealer, Fox Capital Partners says a survey of its institutional clients has revealed that, despite the turmoil that gripped China's mainland indices this summer, appetite for initial public offerings is largely undiminished.
The survey sampled 52 of the company's institutional clients which include pension providers, insurers and local municipal funds and found that 73.6% of them were as optimistic about the outlook for the equity markets as they were a year ago. 21% were less optimistic while 5.4% were neither more nor less optimistic.
"These findings, among others, vindicate our decision to continue to vigorously pursue new companies and opportunities to bring to market despite the ban on new IPOs on the two mainland indices," said Ollie Seigler, head of energy research at Fox Capital Partners. "We felt it was prudent to take the temperature of the market at this time now that much of the turbulence appears to have died down and we have a number of companies in our sights."
The survey also determined that the prospect of monetary tightening in the US held no concerns for clients with 83% saying they believed the US Federal Reserve would not tighten policy this year or next while 17% felt a hike this year was out of the question but next year was a possibility.
"This is important information because it suggests that there will be more than enough liquidity to accommodate new IPOs as and when they debut," explained Seigler.
The results of the survey will not be published in the media but will be sent to Fox Capital Partners' private and institutional clients in due course.
About Fox Capital Partners
Fox Capital Partners is a successful, independent investment management practice established in China and headquartered in Shenzhen. Our highly-qualified professionals advise on a wide array of wealth accrual, preservation and portfolio management solutions aimed at affluent individuals and families in Asia and elsewhere.
Contact Fox Capital Partners:
PO BOX 154789
Shenzhen
China
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