Asia-Pacific to lead global IPO activity in fourth quarter

by Steve Randall29 Sep 2016
Asia-Pacific to lead global IPO activity in fourth quarter
Global IPO volumes were down slightly in the third quarter of 2016 compared to the previous quarter but were higher than a year ago according to a report from EY.

With the fourth quarter beginning this week, Asia-Pacific is expected to lead IPO activity before a pick-up for the US and EMEIA regions in 2017.

There was a 138 per cent surge in proceeds in Asia-Pacific in the third quarter compared to the second (U$24.2 billion) while volume of deals increased 41 per cent (176) in the period. The region’s IPO deals accounted for 69 per cent of the global volume and 53 per cent of the proceeds.

“Investor sentiment in Asia-Pacific has been buoyed by ample liquidity in emerging markets and the upcoming launch of the Shenzhen-Hong Kong Stock Connect program. With investor confidence seemingly undented by events elsewhere in the world, we expect a healthy flow of IPOs to continue in the region through the remainder of the year,” commented EY Asia-Pacific IPO leader Ringo Choi.

The region’s activity was again dominated by China but Australia, Japan and South Korea also saw a healthy rise in deals.
 
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