Momentum has grown behind private-equity backed initial public offerings and, as inflation falls and central banks pivot toward reducing rates, two-thirds of private equity firms predict a rise in IPO-exit activity this year, according to EY's 1Q 2024 IPO trend report.

Five of the around 10 private equity-backed listings in the first three months of the year were among the quarter's top 10 IPOs in terms of proceeds or funds raised and include Germany's Douglas and BrightSpring Health Services in the U.S., the report says. READ MORE