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Article: Global IPO Activity Fallen by More Than Half Since 2007.
- Article from:
- China Weekly News
- Article date:
- December 23, 2008
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Global IPO activity has more than halved since 2007, according to Ernst & Young's year-end Global IPO update. During the first 11 months of 2008, a total of 745 IPOs worldwide raised US$95.3 billion in capital. This compares with 1,790 IPOs over the same period in 2007, which raised US$256.9 billion in capital.
Full-year figures for 2008 are expected to follow this downward trend, and will compare with a record-breaking 1,979 deals and US$287.1 billion in capital raised over 2007. Data from Dealogic shows that 298 IPOs have been postponed or withdrawn in 2008 to date compared with 167 during the full year 2007. IPO activity is at the lowest level recorded over the same ...