More numerous but often disappointing IPOs


80% of IPOs in the Americas underperformed as of December 31, 2021 CARLO ALLEGRI, Reuters

2021 was a historic year for IPOs thanks to the recovery of the global economy. Performance is not always there.

The good health of equity markets in 2021 and the low volatility have been conducive to initial public offerings (IPOs). Last year, 2,682 companies worldwide took the plunge, for an amount of 608 billion dollars, or 278 billion more than in 2020, according to the latest Global IPO Watch report from the consulting and auditing firm PwC. .

In detail, the American continent contributed more than half of the total world product (57%), in particular with funds raised by Spacs. IPO activity in Asia Pacific was relatively more subdued, with total proceeds of $313 billion, up $59 billion from 2020.

In 2021, the largest IPOs were in the technology and consumer sectors ($92 billion and $89 billion respectively). IPO proceeds in the technology sector increase by $54 billion, with America and Asia-Pacific as the main markets.

The…

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