Early 2015 has already seen a number of notable listings for the NYSE. Two examples of this strong beginning are the Box, Inc (NYSE: BOX) and Shake Shack (NYSE: SHAK) IPOs, which represent two key verticals (technology and retail, respectively) and demonstrate that the year has started in a promising fashion.
As David Ethridge, Head of Capital Markets for the NYSE, notes, "January is looked at as a barometer month for the markets every year, but it’s not always predictive of the full year results. With 5 IPOs in January, this year feels like 2013 when we also started at a solid pace."
He continues, "Most notably, we've seen what I would call two litmus test deals at the NYSE with Box and Shake Shack. These deals from the high growth tech and consumer retail sectors performed extremely well out of the gate and reflect tremendous buy-side demand for disruptive companies."
Ethridge hopes these early successes create confidence, leading to companies launching their roadshows. “Hopefully we can build on this momentum and see more activity for the balance of the first quarter."
Box, Inc's IPO marks a continuation of a strong 2014 for the NYSE in the technology space, and Shake Shack has seen widespread media coverage due to its compelling growth story and New York roots.
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