Rocky year ahead for flotations as market uncertainty reigns

 
Tim Wallace
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Vis Raghavan heads banking for JP Morgan in EMEA
THE GENERAL Election in the UK and turmoil abroad could shake the equity capital markets in 2015, JP Morgan’s regional boss told City A.M.

Vis Raghavan expects some flotations to take off strongly in any case, but predicts more marginal firms to either hold off floats or cut the price of their stock when volatility strikes.

“You have the election looming in the UK, events in Greece and Europe, global macro themes around Russia, Ukraine, Iran – quite a few events which will drive sentiment,” Raghavan said, speaking after JP Morgan topped Dealogic’s 2014 investment banking revenue rankings.