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Tuesday, September 27, 2022

Global IPOs slowed in Q3 after the start of Frantic 2021

The initial public offering (IPO) worldwide slowed in the third quarter of 2021 from their previous crazy pace, but according to refinancing data, the number of lists is still the highest in the first nine months of the year since the 2000.com bubble.

IPOs raised about .6 94.6 billion in the third quarter, down 26.3 percent from the second quarter, as activity cooled due to the summer recession and a U.S. investigation into China’s lists. .

More than 2,000 IPOs have raised 42 421 billion worldwide, a record high, as private firms rush to earn high ratings from their publicly listed peers. Which was more than double the revenue collected during the same period last year.

This number includes the IPOs of 486 Special Purpose Acquisition Companies (SPACs) which raised a total of 7 127.7 billion in the first nine months of the year.

“After record levels of SPAC IPO activity in the first quarter, the market has taken a necessary break. However, we are seeing early signs of a market that is starting to open up and open for the right issuers, ”said David Ludwig, Global Head of Equity Capital Markets, Goldman Sachs Group Inc.

Among the high-profile IPOs in the third quarter, the trading app was Robinhood Markets Inc.’s য় 2.1 billion list in New York and South Korean software company Crafton Inc., which raised more than 7 3.7 billion on the Korean Stock Exchange.

The largest IPO so far this year is the $ 5.4 billion offer from Tencent-backed Chinese online video company Quaisho Technology Co., Ltd.

In July, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, called for a “break” in U.S. IPOs of Chinese companies and more clarity about their offshore structure and regulatory risks in China. As a result, the Chinese list in the United States came to a standstill. In the first seven months of 2020, the Chinese inventory reached a record .8 12.8 billion.

Tech lists remain the darling of investors even as the valuations were scrutinized more closely. But there was a wider mix of sectors among stock market entrants. In Europe, Taylor Swift’s record label Universal made its much-anticipated debut this year at the continent’s most valuable company, the Amsterdam Bourse.

Volvo Cars is also expected to launch an IPO and Daimler is expected to list its truck units to diversify the offer for stock market investors.

Ludwig said IPO activity could increase in the fourth quarter. “The backlog across the road (of IPOs) is very strong across regions and sectors,” he said.

By Echo Wang and Fancy Ramnarayan



This News Originally From – The Epoch Times

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