Private-equity-backed IPO glut in the making?

The New York Times notes that the IPO market, which has been relatively muted for the past three years or so, may be in for a flood when all those private-equity-backed deals seek an exit. Which could be sooner than most people think. Will it be hard to absorb all those exits? I think so. So I think we'll see private equity firms do everything they can to avoid public offerings. We may see more break ups, strategic sales and sales to other buyout firms--a lot easier that way. We might even see more offerings in other countries. But for a lot of deals, an IPO will be the only real exit option, so the concern is a big one. Just as the deal-boom pushed equity prices higher, the exit wave just might hold it down.

For more:
- here's the article from The New York Times