OEy privateWith the market in flux,how can your IPOjourney staythe course?EYGlobal IPO Trends2023ey.com/ipo/trends#lPOreportEYThe betterthe question.The betterthe answenBuildingabetterThe betterthe world works.workingworld
042023and2023IPOactivity06siuajuoo07GlobalIPOmarkethighliahts08Sectors5Americas21AreaAsia-Pacific26Europe,Midle East, India andAfical33Advice to IPOcandidates40AppendixReaionalfactsandfiqures42Stockexchanges452EYClobalIPOTrends2023
siublubiy5IPO performanceout of step withbuoyantequitySmallcross-borderlisingsoutperforminglargermarkets in2023offeringsinafer-marketreturns26New hotspotmarkets outpaced traditionallIPOSetirPOrendsreledshitinglabaleonomicpowerhousesand supplychain dynamicsCEOsretainappetiteforIPOs asthey lookto theIPO backlogsmountingacrossgrowthsectors aswindowopening in2024pulled deals surgingin ChinaBigdebuts traiingreturns in afragieenvironment3|EYGlobalIPOTrends2023
GlobalEYGlobalIPOTrends2023
Enthusiasm for IPOs is high and smaller deals areemerging with improved atter-marketGlobalperformance. Whilemany governments are takingmeasures to boost IPOs, activity is particularlyIPO hopefuls navigating amarket in flux;, pockets ofstrong in high- growth economies. Before monetarypolicy eases and the geopolitical dlimate stabilizes,resurgence appear butIPO candidates should keep their eyes on buildingpricing prudence remalnsfundamentals and managing price expectations tovitalcapitalize on the fleeting windows as2024progresses.GeorgeChanEYGlobalIPOLeader5|EYGloballPOTrends2023EY
Q420232023 full yearIPO activity took a tumbleGlobal IPO proceeds lagged 2022Q42022Q42023%ochange20222023%changeProceedsNumberProceedsProceedsProceedsProceedsNumberNumberNumberNumberNumber(USSb)(USSb)(USSb)(USSb)(USSb)(USSb)Global39736.532322.2-19%-39%Global1,415184.31,298123.2-8%-33%Americas1.5112%91%Americas1338.915322.715%155%%ofgobal岑11%13%%ofglobal9%5%18%Asia-Pacific27623.11629.241%-60%Asia-Pacific897124.473269.4-18%-44%%ofglobal70%63%50%41%%ofglobal64%67%56%57%EMEIA10411.912510.151.041331.17%20%-14%EMEIA385-39%
2023 review2024 outlookThe global IPO market in 2023 hasGlobally. moderatina inflation andexperienced some noticeable shiftspotential 2024 interest rate cuts couldImproved Western market sentimentwaslattract investors back to IPOs by,counterbalanced by China's cool-down,imorovina liauiditv and return outlookswhile a rise in developing market small-However, sustained geopolitical instabilitycap deals contrasted with lacklustermav undermine confidence.performance of larae offerinas inBroadlv. the vear ahead hinges ondeveloped nations.improvina macro backdrooforan IPOOverall IPO proceeds in 2023 lag 2022'srevival as companies eagerly await morelukewarm pace by roughly a third,favorable market conditions to widen thealthough deal volumes have picked up inIPO windows.both the Americas and EMEIA reqions.2023 reters tothefullcalendar yearand covers completedIPOsfrom1tedIPOstrom1January2022to31DSource:DealogieEY7EYGlobalIPOTrends2023
USIPOactivityvs.S&P5009IPO performance out of step with buoyant equityIPO activty-S&P500*markets in 20...
