Led by a jump in US IPOs, the global IPO market showed a 79% year-over-year rise in the number of IPOs in the 3Q13. However, global IPO proceeds declined 9.6% year-over-year to US$19.0 billion, making it the lowest quarterly proceeds raised since 1Q12 due to the absence of multi-billion dollar IPOs from many emerging markets, which are facing capital outflows from an economic slowdown. IPO returns were exceptionally strong this quarter, averaging 23.4% globally. With IPOs generating strong returns, we expect the final quarter of 2013 to be extremely active, led by the US and Europe with several large companies expected to list, including British postal service Royal Mail, micro-blogging site Twitter, and China’s largest e-commerce firm Alibaba Group.
View our 3Q 2013 Global IPO Review
