Home Business News Global IPOs fall to three-year low during first nine months of 2019

Global IPOs fall to three-year low during first nine months of 2019

by LLB Editor
18th Oct 19 8:35 am

The first nine months of 2019 were the slowest opening period for global IPOs since 2016 according to analysis by Refinitiv. Global initial public offerings, which totalled US$105.7 billion, also represented a 27% decrease compared to last year.

IPOs on US exchanges fell 61% during the third quarter of 2019, pulling first nine months 2019 proceeds to US$42.2 billion, a 2% decrease compared to a year ago while IPO activity in EMEA decreased 43% compared to a year ago while Asia Pacific IPO activity fell 34%.

During the third quarter of 2019, global IPO activity declined 39%, by proceeds, and 21%, by number of deals, compared to the second quarter of this year.

Lucille Jones, Analyst at Refinitiv, comments: “Ongoing geopolitical uncertainty looks to be having a significant impact across global IPO markets.

“With a potential Brexit resolution on the horizon and positive signs around the Saudi Aramco IPO, we could see a bumper end to the year for listings.”

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