JP Morgan's Global Head of Technology Investment Banking: Regulatory scrutiny in the United States is expected to accelerate after Trump takes office, leading to an increase in IPOs.

Madhu Namburi, Chairman of Global Technology Investment Banking at JPMorgan Chase, stated that hundreds of private technology companies are waiting to go public, and the clarity of the U.S. election results is expected to provide a boost for potential IPO companies. Madhu Namburi said, "Based on our analysis, there are about 750 high-quality companies in the technology industry looking to go public. Normally, 60 to 70 companies go public each year. This is a significant backlog." He stated that with the dust settling on the election results, the market is showing signs of rewarding companies that prioritize growth over just profitability. In terms of mergers and acquisitions, Madhu Namburi mentioned that large deal activities have been weak, although deals in the $5 to $10 billion range have rebounded to pre-pandemic levels. Madhu Namburi pointed out that large deals in the technology industry have been hindered by regulatory scrutiny lasting 12 to 18 months or longer. He expects this situation to change under the upcoming Trump administration. He said, "The process should become more streamlined, which is what people expect, and it should encourage people to take bolder risks and engage in these larger deals." It is worth mentioning that JPMorgan Chase CEO Jamie Dimon stated last week that Wall Street is excited about the prospect of President-elect Trump cutting back on regulations and revitalizing the banking sector in his second term. The market currently expects Trump to implement more relaxed regulations and business-friendly policies, which is expected to stimulate investment and other banking activities, such as mergers and acquisitions. Trump had previously taken measures to loosen regulations on the banking industry during his first term. Bank of America analyst Mike Mayo recently stated in a research report that Trump's victory will change the "regulatory game rules" for the banking industry. He suggested that Trump's new government could mean "more of a libertarian field, less strict oversight," and reduced regulatory risks.