globalipo

IPO Window Opens: Trends and Hot Sectors

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September 19, 2013

Renaissance Capital’s IPO market snapshot says there have been 158 IPOs priced this year, an increase of 17.9% from last year. The most IPOs are in the US but activity is increasing in other parts of the world too, it says.

 

So far this year IPOs have raised USD 28.6 billion and produced an average return of 34% post-IPO. There have been 53 IPOs in the past 90 days, with total proceeds of USD 10.3 billion and an average return of 28%.

 

The active IPO pipeline includes 118 companies looking to raise USD 33.8 billion. In the last year North America represented 37.3% of global proceeds raised. The hottest sector is the financial industry which has had the most IPOs this year. Consumer industry IPOs are number two with 15% of the IPO market.

 

According to its latest PWC IPO review report published in August, technology IPOs  sector increased in the second quarter with 16 IPOs raising USD 2.8 bn compared to 10 IPOs in Q1 and raising USD 1.7 billion in proceeds.

 

Comparing activity to the same quarter last year, total funds raised declined 84%.  However, last year’s second quarter did have the giant USD 16 billion Facebook IPO. (Image Source: Renaissance Capital)

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