Chris Fenske, the head of capital markets research in S&P Global Market Intelligence's primary markets group, joined The Pipeline podcast to discuss his unique approach to studying the health of the IPO market. Rather than creating an index, Fenske creates a portfolio of companies, and this allows him to take a granular look at leaders and laggards. Fenske also spoke about what the recent market volatility means for the IPO outlook, why AI hyperscalers can hold off on going public and how his biochemistry degree helps him in the world of financial services.

More S&P Global Market Intelligence Content:

• Fenske's research: 2025 US IPO Performance Starts with a Roar and Ends with a Whimper
• Webinar: M&A in Focus: Dealmakers' Discussion on the 2026 Outlook

Credits:

• Host: Joe Mantone
• Guest: Chris Fenske