October 29, 12:44 pm
Emerging markets continue dominating the global IPO landscape, with the stock exchanges from China and India seeing more deals and proceeds this year than their US or European counterparts.
According to data presented by Altindex.com, the National Stock Exchange of India and the Bombay Stock Exchange lead in IPO activity with 150 deals in the nine months of the year, nearly double the US Nasdaq.
According to Ernst & Young Global IPO Trends Q3 2023 survey, the global IPO market saw 968 IPO deals in the nine months of 2023, 5% less than last year, and $101.2bn in total proceeds, 32% less than a year ago. The emerging markets have collectively made up 77% of the global share by number and 75% by value in the nine months, despite the slowed momentum from Mainland China.
Statistics show that between January and September, the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) were the leading stock markets in terms of IPO activity, with a total of 150 IPO deals, or 15% of the world`s total throughout this period. The Shenzhen Stock Exchange ranked second in the list, with 115 IPO deals and a 12% share in the first three quarters of 2023.
Shanghai Stock Exchange saw 89 IPO deals, representing 9% of the total in the nine months. US Nasdaq came fourth with 76 deals and an 8% share in the global IPO market, followed by Indonesia and Beijing stock exchanges, which saw 68 and 59 deals, respectively.
While Indian stock exchanges saw the highest number of deals, the Chinese stock exchanges led in the total value of proceeds. The EY survey showed the Shanghai Stock Exchange was the leading stock market in terms of IPO proceeds, raising $26.2bn in nine months, more than double that of the US Nasdaq. The Shenzhen Stock Exchange was second on the list, with IPO proceeds reaching $19bn. Nasdaq and New York Stock Exchange ranked behind the Chinese stock markets, with $10.6bn and $8.2bn in total value of proceeds. Far below, the Abu Dhabi Securities Exchange followed with $3.7bn.
The growth of IPO activity in emerging markets is even more impressive when comparing their market share throughout the years. Ten years ago, these markets made up roughly 45% of the global share by number and 40% by total value of proceeds.
Since then, the number of IPO deals and the total value of proceeds from the emerging market has grown by more than 30%, with these markets today representing three-quarters of the global IPO landscape.
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The information provided by AltIndex is solely for informational purposes and not a substitute for professional financial advice. Investing in financial markets carries inherent risks, and past performance doesn't guarantee future results. It's crucial to do your research, consult with financial experts, and align your financial objectives and risk tolerance before investing. AltIndex creators and operators are not liable for any financial losses incurred from using this information. Users should exercise caution, seek professional advice, and be prepared for the risks involved in trading and investing in financial assets, only investing what they can afford to lose. The information in this application, derived from publicly available data, is believed to be reliable but may not always be accurate or current. Users should verify information independently and not solely rely on this application for financial decisions. By using AltIndex, you acknowledge that it doesn't offer financial advice and agree to consult a qualified financial advisor before making investment decisions.
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