With 337 issues ( mainline and SME), India has risen to the top in global IPO volumes for the first time, storming ahead of the US which had 183 issues and listing more than two and half times as many as Europe.
That's one of the key findings in the report ' EY Global IPO Trends 2024' released earlier this week.
Armed with strong economic growth and an investor-friendly environment, India has emerged as one of the major beneficiaries in an era of shifting global economic and geopolitical dynamics, the report adds. At $19.9 billion, IPO volumes in 2024 were the highest in over two decades for India.
The US reclaimed the top spot globally by IPO proceeds ( $32.8 billion) in 2024, for the first time since the 2021 peak, following two subdued years. It also continued to be the leading IPO destination for international listings with 101 deals accounting for 89 per cent of such transactions.
Shifting focus to the Asia-Pacific region, 2024 saw the lowest listing activity in a decade for the Chinese mainland, which faced tightened regulations. Meanwhile, Hong Kong reversed its downward trend, launching more IPOs locally and overseas than in the past few years.
"Malaysia achieved a 19-year record high in IPO activity, largely because of its valuation and liquidity, as well as economic policies that make the country attractive to foreign direct investors," according to the EY report.
Curious about the global stats across America's, Asia -Pacific and EMEIA ?
It is a grand total of 1,215 issues mopping up $121.2 billion.
Private Equity firms and Venture Capital firms played a crucial role in moulding the IPO landscape this year, as public listings of PE- and VC-backed portfolio companies generated 46 percent of total global IPO proceeds.
The TMT ( Tech, Media and Technology), industrials and consumer sectors dominated global IPOs, commanding an approximate 60 per cent combined share across all sectors by both number and proceeds.
When it comes to 2025, the EY report added that across regions, TMT is expected to lead the charge in IPOs across the globe, followed by industries, and health and life sciences sectors.
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