IFR: Welcome everyone to IFR’s ECM Roundtable. We have heard a lot of discussion from the SEC, and elsewhere, about how access to private capital negatively affects IPO activity. Anna, with IPO issuance up more than 20% for the year on volume, and by one-third on number of listings, do you think the pendulum has finally swung from private capital into public equity markets? Anna Pinedo: Oh no, not by any stretch. We are certainly seeing a healthy IPO market, and while that’s somethin

Akram Zaman Bank of America Merrill Lynch Akram Zaman is head of AMRS ECM syndicate at Bank of America Merrill Lynch. He was previously the bank’s head of ECM syndicate for APAC and EMEA, helping clients such as corporates, sponsors and governments raise more than US$300bn through his relationships with global institutional investors. Steven Tuch BMO Capital Markets Steven Tuch joined BMO in March 2012 as a managing director in equity capital markets. Tuch is responsible for the firm’s healthcar