December 15, 2021
1 min read

2021 record year for global IPO market: EY

Global IPO issue volume went up 67 per cent to $453 billion…reports Asian Lite News

The number of new initial public offerings (IPOs) worldwide in 2021 increased 64 per cent year-on-year to 2,388, according to a study published by the consulting firm Ernst & Young (EY).

Global IPO issue volume went up 67 per cent to $453 billion, according to the study published on Tuesday.

2021 record year for global IPO market: EY

Despite the Covid-19 pandemic, “investor sentiment worldwide was very positive, volatility was contained and there were no new economic downturns,” said Martin Steinbach, partner and head of IPO and Listing Services for EY Germany.

The highest number of IPOs was again registered in China, where 593 companies went public 2021, up 11 per cent year-on-year, the study found.

Europe’s IPO market also developed particularly well. Compared to 2020, the number of IPOs on Europe’s stock exchanges more than doubled from 191 to 485, and issue volume almost tripled to $81.1 billion, Xinhua news agency reported.

ALSO READ: Simplex Papers’ stocks deliver 6,700% returns this year

Tech companies in particular attracted the interest of investors as these accounted for one in four IPOs worldwide and for 33 per cent of the aggregate issue volume.

“The digital transformation of the economy has received an enormous boost from the pandemic,” Steinbach said, adding that this trend is expected to continue as “large numbers of fast-growing companies from the technology and healthcare sectors will be attracted to the stock market.”

Previous Story

‘US, Israel on Psywar Against Iran’

Next Story

India defends sugar policy, rejects WTO findings

Latest from Business

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities India’s festive season this year is poised to create more

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an
Go toTop

Don't Miss

Dubai South Properties to launch ‘The Avenue’

The Avenue will vary in size, with plots ranging from

Nigeria Denies Terror Sponsor Allegations

In the fight against terrorism, Nigeria has availed itself creditably