Tradeweb, Nasdaq, Virtu, ICE, BGC Group, Cboe Set To Benefit From IPO Comeback: Analyst

Macro uncertainty has delayed the timeline for an IPO comeback, but there remains substantial pent-up supply for equity issuance.

That’s according to BofA Securities analyst Craig Siegenthaler, who maintained all of his ratings and continues to look for a reopening in the second half of 2025.

This will restart Nasdaq, Inc‘s (NASDAQ:NDAQ) strategic flywheel across listings, trading, and corporate services, he says.

Also Read: Nasdaq Plans 24-Hour Trading To Tap Global Investor Demand

Siegenthaler continued to forecast the highest 12-month upside for:

Tradeweb Markets Inc (NASDAQ:TW); Buy rating, price target $212 from $197.

BGC Group, Inc (NASDAQ:BGC); Buy rating, price target $15 from $16.

Nasdaq; Buy rating, price target $105 from $103.

Cboe Global Markets, Inc (BATS:CBOE); Buy rating, price target $260 from $251.

There is a significant runway left in the electronification of fixed-income markets at Tradeweb Markets, and given their considerable rates business, the analyst noted that Tradeweb Markets will capitalize on the political uncertainty in Washington.

Siegenthaler will look for BGC Group to launch Treasury futures within days and expect their share of the $2 billion revenue per year interest rate futures market to continue accelerating, surpassing 10% in ...

https://www.benzinga.com/25/04/44613775/tradeweb-nasdaq-virtu-ice-bgc-group-cboe-set-to-benefit-from-ipo-comeback-and-market-volatility-analyst-says