Global IPOs on track for record

10:57, December 10, 2010      

Email | Print | Subscribe | Comments | Forum 

The amount raised globally from initial public offerings this year is on track to set a record high, according to Ernst &Young, despite waves of market volatility which disrupted many planned listings.

Fueled by a booming Asian market - which has accounted for 64 percent of total IPO values - listings raised US$255.3 billion in the first 11 months of 2010, and by year-end are expected to top the 2007 peak of US$295 billion, the accountancy group said.

"Benefiting from relatively low interest rates in developed markets and abundant liquidity, global investors in the last 11 months have been avidly seeking exposure to the growth in Asia and other emerging markets," said Gregory Ericksen, global vice chair for strategic growth markets at E&Y.

Asian insurance companies and banks drove global IPO markets, he added. Focus by emerging market governments on modernizing infrastructure also supported activity in the industrial and materials sectors.

China, boosted by investor demand for its high-growth companies, dominated issuance, contributing almost half the total raised globally.

Despite volatile markets which have seen billions of dollars worth of IPOs pulled this year, Europe still saw a more than 500 percent increase on the amount of IPO funds raised versus the same period in 2009.

Although a renewed wave of market uncertainty, brought on by the Irish debt crisis, has knocked some recent listings off track, the general wider pickup in IPO market activity is expected to continue.

Source: Global Times


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese President Hu Jintao (C, front) and other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, walk towards the Monument to the People's Heroes in Tian'anmen Square of Beijing, capital of China, Oct. 1, 2011. China's top leaders laid flower baskets at the monument on Saturday morning to mark the 62th anniversary of the country's founding. (Xinhua/Li Tao)
  • Five-month-old twin girls, An An (left) and Xin Xin, meaning safe and relieved in Chinese and carrying the good wishes of their parents, leave a Shanghai hospital yesterday, less than four weeks after a September 5 surgery to separate the conjoined twins from Zhejiang Province. They were born connected at the liver, chest bone and heart sac, the covering around the heart. Though they shared one liver and used one pericardium, they have their own hearts.
  • Models present cheongsams designed by Chen Yanqin during a fashion show in Yantai, east China's Shandong Province, Sept. 30, 2011. More than 100 creations of cheongsams, a traditional Chinese women's dress also known as mandarin gown or Qipao, were displayed here Friday. (Xinhua/Li Mingfang)
  • Citizens watch fireworks exploding over the Jingtian Lake during a music firework show in Shanghai, east China, Sept. 30, 2011, on the eve of the National Day. (Xinhua/Pei Xin)
  • A member of the media takes a look at a Bluecar, an electric-powered car made by French company Bollore, at a media presentation in Vaucresson, west of Paris, yesterday. The Bluecars have a range of 250 kilometers in urban use and a maximum speed of 130km per hour, and will be available to rent in the streets of Paris under the name of Autolib. The four-seater Bluecars will be positioned at 1,200 stations in the French capital, where customers can pick them up and drop them off, and will be available around the clock. Users must have a valid driver's license and pay a subscription fee to borrow one of the vehicles.
  • Tourists watch a performance about an ancient court trial. (Photo/Xinhua)
Hot Forum Discussion