Shearman & Sterling partner Michael Benjamin was quoted on the strength of the IPO market in The Wall Street Journal. The story looked at end-of-year and new-year expectations in the IPO market, and Benjamin was identified as an IPO market observer who was cautiously optimistic about 2011. The story emphasizes Benjamin's view that if the flow of cash into stockmarket funds continues to improve, the economy shows further signs of recovery and share sales aren't priced too aggressively, there is a backlog of deals that could get priced. "I wouldn't say it will be extremely busy," he cautioned, with the number of deals still below 2007's high-activity levels. "But there are reasons to be optimistic that it will be healthy."