Initial public offerings may be hurt by higher interest rates, but one analyst said the IPO market is still robust.
"We've had nearly 100 IPOs priced raising over $20 billion in the U.S. marketplace," Richard Peterson, Thomson Financial Senior Research Analyst, said on "Morning Call."
He said the top sectors have been healthcare, technology, financials, and energy & power.
Francis Gaskins, president and editor of IPODesktop.com agreed, adding that the Nasdaq is selling at a five-year high.
"As long as the Nasdaq is up, and doesn't have a correction of around 10% or so, the IPO is open," Gaskins said.
As for international firms, Gaskins said the companies are doing "okay."
He said they are less sensitive to interest rates, as Chinese solar-energy stocks have done well.