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.”