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Investment Bank

Investment Bank

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Initial public offerings (IPOs) in the United States are experiencing a resurgence after years of declining volumes, driven recently by the technology and biotechnology sectors. Will this upward trend last? And for those companies considering an IPO, what does it take to successfully debut in today’s equity market?

Barclays’ Head of Equity Capital Markets, Brian Reilly, offers his take on the current IPO market and what to expect at this stage in the current economic cycle.

Elements for a successful IPO

Companies seeking to go public must approach investors with a clearly articulated plan for success. This is never more true than in the late stages of an economic cycle, when investors are perhaps more cautious than at other times. In this video, David Levin, Head of US Equity Capital Markets, outlines the critical elements entrepreneurs, venture capitalists and private equity firms need in order to effectively launch a public offering.

Contact the Equity Capital Markets team

Learn more about our Banking services. If you have questions for Brian, David and the ECM team, please contact ibinsights (at) barclays.com.

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About the experts

Brian Reilly is Global Head of Equity Capital Markets (ECM) within the Investment Bank at Barclays. Based in New York, he is also a member of the Americas Banking Operating Committee. Brian joined Barclays from Lehman Brothers in 2008 as Head of Asset Management within the Financial Institutions Group. He was named Head of Americas ECM in 2010, and was appointed to his current position leading the global business in 2014.

Brian has over 20 years of experience originating and executing capital markets and M&A transactions. Prior to Barclays, he was Head of the Communications, Media and Internet vertical within Equity Capital Markets at Lehman Brothers. Over the course of his career, he has led over 100 capital markets transactions for companies across all industry sectors.

Before joining Lehman Brothers, Brian was a corporate lawyer for Simpson Thacher & Bartlett in New York, and prior to that, he served as a law clerk for a federal judge, Chief Judge Thomas C. Platt, in the Eastern District of New York.

Brian earned his J.D. from Yale Law School and his B.A. from Yale University.

David Levin has 20 years of experience originating and executing capital markets transactions across a range of industry sectors and the full suite equity & equity-related products. David is currently responsible for the US Equity Capital Markets effort, a 40-person team focused on originating and executing IPOs and follow-on offerings for corporate clients and financial sponsors. Most recently, David ran the Equity-Linked & Hybrid Solutions business, responsible for structuring and executing convertible securities and equity structured products for Barclays’ corporate clients in the US.

David has led the execution on over 100 equity and equity-linked transactions including IPOs, follow-ons. block trades, PiPES, convertible offerings, preferred securities, hybrid capital, call spreads, accelerated share repurchases, and margin loans.

David previously worked at Lehman Brothers and earned his B.A. in Economics from Wesleyan University.

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