Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
7th October 2011
Global IPO value down 46% on year ago
The latest Ernst & Young global IPO activity report shows IPOs in Q3 down 26% by number and 57% by value compared with Q2 and 6% by number and 46% by value compared with the year ago period. There were just three IPOs during the quarter with a value in excess of $1bn and the average deal size fell from $171m in Q2 to $100m in Q3 according to Dealogic data. 49 IPO scheduled for Q3 were withdrawn with a further 22 postponed.
138 out of the 284 (49%) deals in Q3 took place in Asia and they accounted for 47% of the IPO funds raised globally. However even in this region the numbers are falling and this is the lowest amount raised in the region since Q2 2009.
Maria Pinelli, Global Strategic Growth Markets Leader at Ernst & Young comments: "The third quarter results show that the Eurozone and US debt crisis have had a deep impact on the IPO market and on both issuers and investors' confidence. There are, however, many very good businesses still waiting to go public. Companies have not stopped seeing IPOs as a way of raising capital. They are waiting for markets conditions to improve, while continuing to prepare for their IPO.