Global IPO proceeds down 74% to US$13.1b in Q1 from year ago: EY
Summary
Despite the positive performance of main stock indices and a decrease in volatility in many markets, trade tensions continued to weigh on investor enthusiasm, EY said. Although these numbers are lower when compared with Q1 2018, they are notably up from Q4 2018, suggesting the mainland China IPO market may be showing signs of a recovery," EY noted. However, as the dust begins to settle following a quarter of uncertainties, we expect IPO activity to return to more normal levels in Q2 2019." Similarly, Max Loh, managing partner for Asean and Singapore at EY LLP said: "Ongoing trade issues between the US and China continue to have an effect on IPO market sentiment across Asia-Pacific. The dense fog of ongoing geopolitical tensions, trade issues among the US, China and Europe, as well as uncertainty as to how the UK will leave the European Union, slowed down IPO activity in all regions.
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