2014 will be record IPO year
2014 will be a record year with the pace set in the first quarter, with initial public offering (IPO) activity on par with 2005-2008 first quarter levels, says our latest report.
According to our Global IPO Trends report, global IPO activity should remain on a firm footing into 2014, following a strong increase in listings in the last quarter of 2013 to close the year with a total of 864 deals raising around US$163b.
Maria Pinelli, Global Vice-Chair of Strategic Growth Markets, says: “2013 was an inflection point in the global capital markets, ending a two-year decline in IPO activity. The improved global economy and rising investor confidence sets the stage for momentum to continue across all regions in 2014.”
Private equity a key driver
We expect strong levels of activity in the US and Europe with private equity continuing to be a key driver – 2013 saw 182 PE-backed deals raise US$56.4b, accounting for 35% of global proceeds.
In Asia, the imminent re-opening of Mainland China’s exchanges in Q1 2014 will bring a pipeline of more than 700 companies in the queue awaiting approval from the China Securities Regulatory Commission (CSRC). This pipeline will act as a catalyst for further activity across the region.
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