The slow evolution since 2022 of the number of new stock placements (IPOs – Initial Public Offerings) worldwide continues in the first quarter of 2023: according to Global IPOs, 234 IPOs were held with a total value of 25.7 billion dollars. View PwC’s Q1 2023 report. The total value raised from 234 listings in the first quarter of 2023 is about half of that recorded in the first three months of the previous year and 8.3 times lower compared to the same period in 2021.
In the first quarter of this year, the IPO markets in the US and Europe remained largely inactive due to volatility in the banking sector, which led to a significant decrease in activity in this segment. In contrast, the IPO market in the Middle East continued to see landmark deals, including privatizations through mega IPOs. IPO proceeds in the Asia-Pacific region accounted for 66% of global inflows in the first quarter of this year (listings in the region remained attractive, with mainland China and Indonesia making the main contributions to IPO volumes).
The article is signed by Sorin Petre, Romanian partner of PwCandAND
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Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.