A quiet year for initial public offerings (IPOs) globally looks set to continue throughout Q4 2019, while US tech listings are set for a record-breaking year despite growing scepticism after a series of disappointing debuts led by a private market valuation "bubble", research suggests.
Global IPO activity in the first nine months of 2019 has fallen to a three-year low, totalling $15.7bn and representing a 27% fall relative to the same time frame in 2018, according to research from Refinitiv. This was attributed to unabated concerns regarding Brexit, trade disputes and other ongoing macroeconomic challenges. Unicorns, IPOs and the fear of repeating the late 1990s While Asia Pacific has seen a 34% fall in IPO activity in one year, the sharpest decline has been in EMEA, where new listings have fallen by 43% since 2018. Investment Week analysis of London Stock Exc...
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