Renaissance Capital's 1Q17 Global IPO Market Review

Global IPO issuance got off to a much better start in 2017, with proceeds raised more than doubling year-over-year off an easy comparison, totaling $24.2 billion in the 1Q17. A relatively muted Asia Pacific continued to lead with 41% share of all proceeds raised, with increased A-share offerings offsetting a slower quarter for Hong Kong IPOs amid regulatory changes. North America took a close second with 39% share of proceeds, helped by a rebound in US listings, including the quarter’s largest IPO from mobile app Snap ($3.4 billion deal). Europe continues to grapple with uncertainties surrounding Brexit and upcoming elections in Germany and France, although activity picked up at the end of the quarter. Issuance for the 1Q17 was relatively diversified, led by the financial, technology and consumer sectors. Global IPO performance continued to hold up across all regions, averaging 13% ex-China. Including the high-flying A-share listings, global IPOs averaged a 56% return.

View our 1Q17 Global IPO Review