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October’s IPO Upsurge

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November 5, 2012

There was a dramatic increase in IPOs in the US in October, according to IPScoop.com. It said the month turned out 22 deals an increase by 14 over September’s tally. The report said that the last time more deals came to market was in May 2011 with 23 IPOs. The open window was not necessarily created by a rising stock market as the NASDAQ Composite Index has been down over September’s numbers, so the cause of the increase might be driven by regulatory from the Jobs Act.

The technology and financial sector drove the US IPO market with 8 IPOs each in Q3. Over the past 12 months, the tech sector has been the dominant one, according to USA Today.

Elsewhere, PWC has some new stats out this month on all third quarter IPO activity around the world under its IPO Watch research.

Here are our takeaways after reading the PWC report.

Europe

  • Q3 2012 saw 57 IPOs raising EUR 4.4 billion, compared with 81 IPOs raising EUR 0.7 billion in Q2 2012. But the figure is down compared to the same period last year when 121 IPOs raised EUR 9.4 billion in Q3 2011.
  • Upcoming floatation plans are shaping up for Direct Line, Megafon, Telefonica’s German O2 operations and Talanx.

US

  • Overall there were 29 IPOs raising USD 6.6 billion over twice the figure for last years Q3
  • Financial and technology sectors drove the US IPO markets, with 58% and 13% of the proceeds, respectively.

Hong Kong

  • IPO activity was substantially down due to a slump in the number of Chinese companies seeking to list.

 

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