December 15, 2021
1 min read

2021 record year for global IPO market: EY

Global IPO issue volume went up 67 per cent to $453 billion…reports Asian Lite News

The number of new initial public offerings (IPOs) worldwide in 2021 increased 64 per cent year-on-year to 2,388, according to a study published by the consulting firm Ernst & Young (EY).

Global IPO issue volume went up 67 per cent to $453 billion, according to the study published on Tuesday.

2021 record year for global IPO market: EY

Despite the Covid-19 pandemic, “investor sentiment worldwide was very positive, volatility was contained and there were no new economic downturns,” said Martin Steinbach, partner and head of IPO and Listing Services for EY Germany.

The highest number of IPOs was again registered in China, where 593 companies went public 2021, up 11 per cent year-on-year, the study found.

Europe’s IPO market also developed particularly well. Compared to 2020, the number of IPOs on Europe’s stock exchanges more than doubled from 191 to 485, and issue volume almost tripled to $81.1 billion, Xinhua news agency reported.

ALSO READ: Simplex Papers’ stocks deliver 6,700% returns this year

Tech companies in particular attracted the interest of investors as these accounted for one in four IPOs worldwide and for 33 per cent of the aggregate issue volume.

“The digital transformation of the economy has received an enormous boost from the pandemic,” Steinbach said, adding that this trend is expected to continue as “large numbers of fast-growing companies from the technology and healthcare sectors will be attracted to the stock market.”

Previous Story

‘US, Israel on Psywar Against Iran’

Next Story

India defends sugar policy, rejects WTO findings

Latest from Business

India Rising as Global Web3 Powerhouse

A significant portion of India’s Web3 developers are newcomers, with over 50 per cent having entered the space in the last two years. Most of them are under the age of 27.
Go toTop

Don't Miss

Jio, Voda step up hiring

Reliance Jio is hiring for ‘Lead 5G Core & Cloud

Egyptian cabinet holds 1st meeting in new capital

The Egyptian cabinet held its first meeting in the New