The Globe and Mail reports in its Thursday, June 22, edition that a flurry of stock sales by companies points to a likely wave of initial public offerings launching come September, potentially marking the end of a weak market for debuts that has persisted for 1-1/2 years. A Reuters dispatch to The Globe reports that this spike in stock sales bodes well for the IPO market, bankers say, because both new listings and secondary stock sales rely on strong demand from equity investors. With investors now predicting the end to Federal Reserve rate hikes later this year, volatility has subsided. Goldman Sachs Group's IPO Issuance Barometer, which measures how conducive the macroeconomic environment is for IPOs, is now at its highest level since March, 2022. Goldman Sachs analysts wrote in a note to clients earlier this month, "The stabilization in equity prices has been the primary driver of the rebound in the IPO Issuance Barometer." The week of June 5 saw 19 follow-on and secondary stock sales in the United States, totalling proceeds of $6.6-billion (U.S.), one of the highest weekly tallies since the end of 2021. Major companies are waiting in the wings to launch their market debut come September.