Frankfurt The lull in IPOs continued worldwide in the first quarter of the current year, although there were positive signals from the US stock exchanges. Worldwide, 299 companies dared to make an initial public offering (IPO) – eight percent less than in the same quarter of the previous year, which was marked by the war in Ukraine. This is the result of the latest IPO barometer from the consulting firm EY.
Issuance volume even shrank by 61 percent to $21.5 billion – the lowest level since the first quarter of 2019. The number of IPOs with an issue volume above the $1 billion mark fell from seven to one year-on-year.
Recent troubles in the banking sector with the Credit Suisse bailout added to the sobering record. The price fluctuations on the stock exchanges due to the interest rate hikes by the central banks also weighed on the mood.
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