Drew Bernstein's exclusive interview with 21st Century Business Herald
In the News | Oct 23, 2024
Marcum Asia Co-Founder Drew Bernstein told 21st Century Business Herald that the U.S. IPO market is rebounding, with 98 deals raising $24.1 billion as of September 2024, up sharply from last year. While elections and rate uncertainty remain headwinds, the key driver is post-IPO performance, which has improved to 3.7% average returns. Bernstein noted that investors are now viewing the AI boom more rationally, focusing on practical applications and sustainable models, and that despite geopolitical pressures, Chinese companies still see U.S. listings as valuable for global branding and capital access, while increasingly targeting growth in Southeast Asia, Latin America, and Africa.