With economies around the globe at a standstill and complex M&A negotiations curtailed by quarantine, tech investment bankers don’t have much going on during the current coronavirus pandemic.
Q1 2020 hedge fund letters, conferences and more
According to a recent survey of senior bankers by 451 Research, the emerging tech research unity of S&P Global (NYSE:SPGI) Market Intelligence, most don't see business picking back up anytime soon. Acquisition pipelines have been hollowed out so much that a bear market for banking looks inevitable, regardless of how the broader economy recovers from the unprecedented outbreak.
TECH M&A OUTLOOK - IMPACT EXPECTED TO BE GREATER THAN THAT OF CREDIT CRISIS
- In our special Flash Survey: Technology Investment Banking Outlook, nearly two-thirds of respondents (63%) said they have less in their pipeline right now than they did a year ago. By far, that’s the most pessimistic outlook for the tech banking business we’ve ever received in our 15 years of surveying advisors from some of the busiest firms in the industry. (For more on this historic time in the M&A market, you can request a copy of our full report on Q1 activity.)
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