Investment Banking News
Global IPOs Raise $116 billion, Down 20% from a Year Ago; Number of New Offerings Up 5%
Global IPO activity reached $116.0 billion this week, a 20% decline compared to a year ago and the slowest year-to-date period in two years. By number of new listings, IPO activity has increased by 5% bolstered by 35% increase in the number of offerings in Asia Pacific and Japan, while the number of offerings in the Americas and EMEA has declined by a combined 25%. IPO activity on the Shanghai stock exchange accounts for 14% of overall dollars raised, compared to 2% a year ago. The New York Stock Exchange accounts for 13% of IPO dollars followed by London with 9%.