Summary

• In the first quarter, there seemed to be one thing after another to create further uncertainty for markets.
• With the Iran conflict driving a selloff in stocks and increasing volatility, it’s weighed on the Nasdaq IPO Pulse, which fell to a nine-month low in March. Similar to its U.S. counterpart, the Nasdaq Stockholm IPO Pulse fell in March, dropping to a seven-month low.
• Since the dips in the IPO Pulses fall well short of signaling a downturn in IPO activity and U.S. and European equities have rebounded in April, it’s entirely possible that the first quarter’s softer activity will prove to be a blip.

By Phil Mackintosh, Nasdaq Chief Economist, and Michael Normyle, U.S. Economist and Senior Director at Nasdaq

In the first quarter, there seemed to be one thing after another to create further uncertainty for markets.

• The

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