When will the economycatch up with thecapital markets?Global IPO trends: Q3 2020ey.com/ipo/trends #IPOreport
Global IPO trends: Q3 2020 | Page 2Global IPO market3Americas10Asia-Pacific15Europe, Middle East, India and Africa23Appendix29Global IPO trends: Q3 2020 | Page 2About this reportEY Global IPO trends report is released every quarter and looks at the IPO markets,trends and outlook for the Americas, Asia-Pacific and EMEIA regions.The current report provides insights, facts and figures on the IPO market for thefirst nine months of 2020* and analyzes the implications for companies planning togo public in the short and medium term.You will find this report at the EY Global IPO website, and you can subscribe toreceive it every quarter. You can also follow the report on social media: via Twitter andLinkedIn using #IPOreport*The first nine months of 2020 cover completed IPOs from 1 January 2020 to30 September 2020.All values are US$ unless otherwise noted.ContentsSubscribe to EY Quarterly IPO trends reportsGet the latest IPO analysis direct to your inbox.
Global IPO trends: Q3 2020 | Page 3Global IPO trends: Q3 2020 | Page 3Global IPO marketLiquidity fuels IPOs amidst globalGDP contractionAlthough the market sentiments can be fragile, the scene is setfor a busy last quarter to end a turbulent 2020 that has seensome stellar IPO performance. The US presidential election, aswell as the China-US relationship post-election, will be keyconsiderations in future cross-border IPO activities among theworld’s leading stock exchanges. Despite the uncertainties,companies and sectors that have adapted and excelled in the‘new normal’ should continue to attract IPO investors.Paul GoEY Global IPO Leader“
Global IPO trends: Q3 2020 | Page 4All values are US$ unless otherwise noted. YTD 2020 and YTD 20 refers to the first nine months of 2020 and cover completed IPOs from 1 January 2020 to 30 September 2020. Q3 2020 and Q3 20 refer to the third quarter of 2020 and covercompleted IPOs from 1 July 2020 to 30 September 2020. Data as of COB 30 September 2020.Global IPO market summary – Q3 2020Key highlights• Traditionally, the third quarter has been a slow period for IPOs. This year, withfewer people traveling, more working from home and markets awash inliquidity, the US stock markets have hit record highs and global IPOactivities have rebounded sharply.• Q3 2020 was the most active third quarter in last 20 years by proceedsand the second highest third quarter by deal numbers. Exchanges aroundthe world posted 445 IPOs with proceeds totaling US$95.0b, which were 77%and 138% higher than Q3 2019, respectively. The stellar record by proceedscan be attributed to the most active August and September for IPOs in the last20 years.• Q3 2020’s largest IPOs by proceeds was Semiconductor ManufacturingInternational Corp., which raised US$7.5b. This is also the lar...
