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.
According to a recent survey of senior bankers by 451 Research, the emerging tech research unity of S&P Global (NYSE:) 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…