As a sign the recession might finally be over, five IPOs are set for this week. Considering that only two IPOs went down in the six months after Labor Day '08, this is a very good sign. One of the companies is an electric-car battery maker. Going public may lead to the green jobs Obama's been touting for months.
While bankers don't expect the five-IPO-a-week trend to continue, there will definitely be at least 15 -- 20 more offerings through the end of December. And increased initial public offerings also lead to increased job offerings -- Merill Lynch, PE fund Advent International, Kotak Mahindra Bank ("the top arranger" of IPOs) are all hiring to help deal with the flow. Kotak is reportedly recruiting a high-ranking investment banker from Nomura as well.
---
For tips, questions and comments, contact us here.
To get the latest news on opportunities, layoffs and major events in the finance career space, follow FINSider on Twitter.