Zoetis IPO Could Spur More Health Care Stock Issuance

The Wall Street Journal reported that Zoetis Inc.’s successful IPO last week triggered banker movements and is likely to spur more health care deals this year.

As quoted in the market news:

Zoetis’s IPO was a milestone for two expanding investment banks, Jefferies Group Inc. and Guggenheim Partners LLC. For both firms it was the first time they were in lead roles (in banker parlance, “bookrunners”) on an IPO over $1 billion, according to Dealogic. They joined a group of the usual suspects on the deal in that role, including J.P. Morgan & Co., Bank of America Corp., and Morgan Stanley.

Click here to read the full Wall Street Journal report.