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Artwork for The Pipeline: M&A and IPO Insights

The Pipeline: M&A and IPO Insights

Joe Mantone
M&A
Private Equity
Tariffs
IPO Market
IPO
Cross-Border M&A
KPMG
Industrial Manufacturing
M&A Activity
Middle East
Japan
India
Southeast Asia
Volatility
Regulatory Changes
Geopolitical Risk
Technology Investments
Energy and Infrastructure
Interest Rates
Mergers and Acquisitions

S&P Global Market Intelligence leverages its industry sources, data and analysis to discuss M&A, IPOs and all things dealmaking. Tune in for interviews with industry insiders who offer insights on the latest deal trends.

PublishesMonthlyEpisodes23Founded3 years ago
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ManagementBusiness

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Artwork for The Pipeline: M&A and IPO Insights

Latest Episodes

Jay Ritter has spent decades studying IPOs, and he has become a go-to source on the topic for policymakers and journalists alike. Ritter joined the Pipeline podcast to discuss his work as the director of the IPO Initiative at the University of Florid... more

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Kevin Desai, PwC's US and Mexico deals leader, joined The Pipeline podcast to discuss how recent market volatility is impacting M&A. The increase in uncertainty can give buyers and sellers pause as they face a more complicated financing picture and l... more

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Chris Fenske, the head of capital markets research in S&P Global Market Intelligence's primary markets group, joined The Pipeline podcast to discuss his unique approach to studying the health of the IPO market. Rather than creating an index, Fenske c... more

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On the latest episode of The Pipeline podcast, Mark Lehmann, vice chair of Citizens Financial Group Inc.'s commercial bank, said he expects to see a broader subset of companies pursue initial public offerings in 2026. Lehmann also talked about his co... more

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Recent Guests

Jay Ritter
Director of the IPO Initiative at University of Florida
University of Florida
Episode: The challenges the SEC and high-profile companies face with the IPO market
Kevin Desai
US and Mexico Deal Team Leader at PwC
PwC
Episode: Dealing in an uncertain M&A environment
Chris Fenske
Head of Capital Markets Research, S&P Global Market Intelligence Primary Markets Group
S&P Global Market Intelligence
Episode: Taking a scientific approach to studying IPOs
Mark Lehmann
Vice Chair of Citizens Commercial Bank
Citizens Commercial Bank
Episode: IPO window widening; the importance of equity research
Paul Aversano
Managing Director with Alvarez & Marsal and leader of the Global Transaction Advisory Group.
Alvarez & Marsal
Episode: Cross-border M&A hotspots emerge from a 'vortex of volatility'
Gerard Cassidy
Analyst at RBC Capital Markets, covering large cap bank stocks
RBC Capital Markets
Episode: Discussing the key drivers behind a big deal quarter for the large banks
Eddie Best
Co-chair of the Capital Markets Practice at Willkie
Willkie Farr & Gallagher LLP
Episode: Regulatory environment offers some near- and long-term positives for the IPO market
Anu Singh
Managing Director in the M&A practice for healthcare advisory firm Kaufman Hall
Kaufman Hall
Episode: M&A strategy shifting in the healthcare services space
Devin Ryan
Equity Research Analyst with Citizens
Citizens
Episode: M&A Outlook Brightens as Financial Sponsors Prepare to Ramp Up Activity

Host

Joe Mantone
Host of The Pipeline

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Talking Points

Recent interactions between the hosts and their guests.

The challenges the SEC and high-profile companies face with the IPO market
Q: How might high-valuation private companies like SpaceX and OpenAI fare if they go public?
valuations at IPO must be justified by future revenue growth and profits; data suggests large, high-valuation IPOs can underperform unless revenue visibilities are strong, and the presence of a huge price-to-sales ratio increases the risk that expectations aren't met post-IPO.
The challenges the SEC and high-profile companies face with the IPO market
Q: What are your thoughts on the SEC's efforts to encourage more IPOs and on the impact of the Jobs Act?
Some elements of the Jobs Act and related reforms improved access to private markets and introduced features like confidential filings, but in my view, the net impact on IPO activity has been modest because core decisions depend more on broader market conditions and company fundamentals.
The challenges the SEC and high-profile companies face with the IPO market
Q: Can you explain what the IPO Initiative is and how it came about?
The IPO Initiative was born from a need to formalize ongoing work I did after retiring from teaching; it provides a data-driven, open-access resource that tracks IPO performance and policy-related questions to help journalists, policymakers, students, and others understand how the market has evolved since 1980.
Dealing in an uncertain M&A environment
Q: What sectors appear more insulated from volatility, and why might that be the case?
Healthcare is viewed as more insulated due to steady demand drivers like an aging population, ongoing efficiency needs, and relatively predictable cash flows, although reimbursement and regulatory uncertainties still create headwinds.
Taking a scientific approach to studying IPOs
Q: What should investors watch for in the near term regarding IPOs and market conditions?
Watch for a few larger issues to possibly trigger a positive feedback loop, a sustained volume of new listings in private markets for funding needs, and volatility indicators like CDX spreads and VIX; elevated but not extreme volatility could still support a healthy IPO environment if larger issuers perform well.

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Frequently Asked Questions About The Pipeline: M&A and IPO Insights

What is The Pipeline: M&A and IPO Insights about and what kind of topics does it cover?

A business-focused series that centers on dealmaking, with recurring discussions on M&A activity, IPO dynamics, regulatory shifts, and market volatility. Episodes frequently feature senior practitioners and researchers from top firms and market intelligence providers, offering practitioner perspectives on deal timelines, valuation trends, cross-border activity, and the evolving role of capital markets in financing growth. A standout aspect is the guest mix: deal advisory leaders, investment bankers, equity researchers, and market researchers share actionable insight on how policy, rates, and geopolitics shape M&A and IPO activity. The show is especially useful for listeners who want timely, strategy-oriented views on how large and mid-marke... more

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The Pipeline: M&A and IPO Insights launched 3 years ago and published 23 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Pipeline: M&A and IPO Insights?

Recent guests on The Pipeline: M&A and IPO Insights include:

1. Jay Ritter
2. Kevin Desai
3. Chris Fenske
4. Mark Lehmann
5. Paul Aversano
6. Gerard Cassidy
7. Eddie Best
8. Anu Singh

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