Dan Winnike was quoted in a Daily Journal article on the recent market downturn, what the future holds for IPOs and a new Renaissance Capital LLC report that reveals the continued strength of health care IPOs.
"People are looking at how the current situation settles and whether investors are willing to step up or whether this volatility will be a more protracted impediment to IPOs," Winnike told the Journal.
Despite the market downturn, IPOs over the last three years may still reach numbers not seen in any three-year period since 1998-2000, the Journal reported citing Renaissance Capital data.
Across all industries, health care continues to lead in IPOs with 58 public offerings in 2015 so far.
However, Renaissance also noted that the 70 additional IPOs needed to reach the record-breaking three year numbers was an optimistic goal, the Journal reported.