Private-equity backed IPOs are setting records in the first two months of the year, according to Dealogic in a market insight issued this week. Exits via M&A are also strong with USD 38.0bn in 2014 year to date (YTD), the highest YTD volume on record, despite a lower number of deals compared to earlier years.
Globally, PE firms were behind 23 IPO issues so far, the highest YTD level on record and more than double the ten PE-backed IPOs priced in 2013 for the same period. Volume is up to USD 6.8bn, the highest total since 2011 for the same period. The US market leads by far. It is followed by EMEA IPOs and then Asia Pacific IPOs. Dealogic says the IPO pipeline is full, particularly in EMEA. Dealogic’s outlook was positive for the coming months due to the pipeline in place as of this week.