8/31/2023 0 Comments Recent ipos to invest in![]() The US experienced an uptick driven primarily by a few large deals and recent improvements in market sentiment could be a sign for more US IPO activity later in 2023 or 2024. This growth was primarily attributed to a single mega spin-off IPO, which happened to be the largest US IPO since November 2021. While the number of IPOs remained flat, the Americas region saw an increase in proceeds of 86%, raising US$9.1b, YOY. Overall regional performance: Q2 performed better than Q1 However, we do expect SPAC IPO activities to return to a more sensible and sustainable level that were seen pre-2021. There is still an exorbitant number of SPACs yet to announce or complete a de-SPAC, which are facing liquidation by the expiration period in the next six months. ![]() The special purpose acquisition company (SPAC) market continued to be challenged with negotiations becoming increasingly complex. As well, cross-border activity has experienced a significant surge in both volume and proceeds, primarily attributed to the growing influx from China into the US and a steady flow into the Swiss Stock Exchange. While the technology sector continues to be the leading sector in IPO activities to date in 2023, IPO proceeds raised by companies of the energy sector have dwindled on the back of softer global energy prices. These and other findings are available in the EY Global IPO Trends Q2 2023. However, some emerging markets are booming with IPO activities, as they benefited from the global demand for rich mineral resources, their vast population, growing unicorns and entrepreneurial small- and medium-sized enterprises (SMEs). Larger deals came to the market in Q2 compared to Q1, even though it has been a slow recovery. These modest results reflect slower global economic growth, tight monetary policies and heightened geopolitical tensions. Globally, year-to-date (YTD) 2023 recorded 615 IPOs with US$60.9b capital raised, a 5% and 36% decrease year-over-year (YOY). Asia-Pacific continues to dominate with an approximate 60% share.The US had its largest offering since November 2021.YTD, global IPO volumes fell 5%, with proceeds down by 36% YOY.
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