355 IPOs were recorded worldwide during this period, representing $50.6 billion.
The pace of IPOs continued to decline in the third quarter due to volatility and market uncertainties in the face of inflation and geopolitics, according to a study by the firm EY published Thursday. A total of 355 IPOs were recorded worldwide for $50.6 billion in the third quarter, according to a quarterly report by auditing and advisory firm EY.
Since the beginning of the year, the number of IPOs (992) has decreased by 44% and their amount raised (146 billion dollars) has been 57% lower compared to the same period of the previous year , according to the data of this study grouping together the operations recorded over the period from January 1 to September 20 and those which were expected by the end of September. Both Europe and the United States experienced a 66% drop in the number of operations. In China, the drop reached 23%.
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“IPO plans for many companies have been put on hold since the beginning of the year, in anticipation of more favorable market conditions», Analyzes Franck Sebag, partner EY, quoted in the study. The technology sector remained the champion of IPOs, with 218 deals recorded since the start of the year, but their average size fell from $261 million to $123 million. The year 2021 had been described as “recordwith 1,171 IPOs.