“I always believed in animal spirits. It’s not their existence that is new. It’s the fact that they are not random events…”
– Alan Greenspan, former Chairman of the U.S. Federal Reserve
The Through Line: After a long dry spell, a hopeful set of not-so-random events seems to be hinting at renewal in the initial public offering (IPO) and merger and acquisition (M&A) spaces. Head fake – or lasting trend? We parse the signs.
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