The Nasdaq IPO Pulse ... we’re seeing more and bigger IPOs. The IPOs were pretty evenly spread across sectors. Health Care led the way, with about a third of IPOs (chart below), but Industrials ...

After hovering around a 3¼-year high in December, the Nasdaq IPO Pulse has faded this year, falling to a 16-month low in March (blue line). Chart 1: Nasdaq IPO Pulse down to 16-month low in March ...

Nasdaq’s IPO Pulse has shown in back-testing to consistently lead directional shifts in IPO activity (green bars in Chart 1) going back to the early 1990s. On average, the index leads turns in ...