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US IPOs set to quadruple in 2010

The head of Bank of America Merrill Lynch’s equity capital markets business in the US has predicted the country could yield as many as 200 initial public offerings this year – welcome news for US-based ECM bankers looking to put a dismal 2009 for IPOs behind them.

Daniel Cummings said: "Approximately 90% of the IPOs that were priced in 2009 were in the latter half of the year. This year we anticipate a return to more normalised levels. Our expectation is that volumes will be a blend of the 2005 to 2007 timeframe and the number of US IPOs potentially in the 150 to 200 range."

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