Wilson: IPO likely to ramp up on falling rates and currency

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Wilson: IPO likely to ramp up on falling rates and currency. My view last year was that the IPO market would shut down, because my view of the market was negative. It was really a reflection of the economy and I didn't think the Reserve Bank would cut interest rates. I thought they were going to be stubborn. I think it's fantastic they have cut and it's clear that they're signalling they're going to cut again. I think the cash rate might come down to 1.75%. I also think the Aussie dollar, with the US rates probably increasing in the latter part of this year, is easily going to go down and probably have a six in front of it - it could be 65 or something like that. In terms of the IPO pipeline, with a strong equity market over the last month, everyone who wanted to float anything will be looking to get it on to the market and as quickly as they can. @wilsonam


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