EY Report – 2021 Q1 Global IPO: $105.6 Billion Raised from 430 Deals
EY, one of the leading global advisory firm and big 4 accounting firm, has released a report for Global IPO activity for 2021 Q1 reporting a total $105.6 billion raised from 430 IPO deals. The $105.6 billion raised in 2021 Q1, represents a 271% increase compared to 2020 Q1. (IPO ~ Initial Public Offering)
” $105.6 billion raised from 430 IPO Deals in 2021 Q1 “
Of the $105.6 billion raised, United States’ SPACs raised $93.4 billion. View full report here: EY Global IPO Activity for Q 2021
SPAC (Special Purpose Acquisition Company) is also popularly referred to as a blank cheque company, that allows the listed company without any existing businesses to raise capital through an IPO (initial public offering), and thereafter use the capital to invest into companies.
2021 Q1 Global IPO Activity – By Region
- For Americas, $45.26 billion were raised from 121 deals.
- For Asia, $34.3 billion were raised in 200 deals.
- For EMEIA, $26.1 billion were raised in 109 deals.
EMEIA ~ Europe, Middle East, India and Africa region
2021 Q1 Global IPO Activity – By Sector
- The technology sector remains and is the sector leader with $46.1 billion raised from 111 deals.
- The healthcare sector is 2nd with $14 billion raised from 78 deals.
- The industrials sector is 3rd with $6.3 billion raised from 57 deals.
2021 Q1 Global IPO Activity – By Country
- For United States, SPAC IPO raised $93.4 billion from 300 deals.
- For Greater China, $28.9 billion were raised from 133 deals.
- For Japan, $1 billion were raised from 20 deals.
- For Asean, $2.4 billion were raised from 23 deals.
- For Brazil, $3.5 billion were raised from 15 deals.
Chart – 2021 Q1 Global IPO Activity
Table – 2021 Q1 Global IPO Activity – Sector
Chart – 2021 Q1 Global IPO Activity – History
Paul Go, EY Global IPO Leader:
“With markets awash with liquidity, global IPO deal numbers and proceeds have posted the best performance witnessed in 20 years. However, many uncertainties remain that can create volatility and affect the IPO markets.
These include slower-than-expected vaccination programs and new waves of the pandemic that can continue to peg back any real economic recovery; the slow-down and withdrawal of IPO applications due to tightened regulatory process; and risk of capital markets destabilizing from banks scaling back on leverage. Companies need to be well prepared to access the market when the window remains open.”
Max Loh, EY Asean IPO Leader:
“The first quarter is a typically muted period for IPOs in Asean, as companies gear up for capital market activities. Cautious optimism prevails with existing uncertainties, providing a cocktail of volatility in the Asia-Pacific IPO markets. Companies will need to be resilient to challenges and prepare early to be successful in their IPO aspirations.”
Rachel Gerring, EY Americas IPO Leader:
“Americas IPO activity maintained its resiliency into 2021, driven by high valuations and strong aftermarket performances. Despite the volume of SPACs and the attention they are receiving, traditional IPOs have staying power with Q1 2021 deal numbers and proceeds being the highest in more than 20 years.
Continued innovation in the traditional IPO product is allowing a healthy competition with non-traditional approaches to public markets. Ongoing evolution provides issuers more optionality and the ability to form a curated path to public markets.”
Dr. Martin Steinbach, EY EMEIA IPO Leader:
“High valuations, low volatility and increasing optimism of an economic rebound have sustained IPO activity in Q1 2021 and motivated several unicorns to leap through the open transaction window. We expect this momentum will carry into Q2 2021.
With tailwind from government stimulus and a successful rollout of vaccines across the region, there is growing confidence in a global economic rebound in 2021 and 2022. However, a third wave of the COVID-19 pandemic and a possible market correction may influence IPO windows for the remainder of the year. IPO candidates need to prepare early and keep all options open.”
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