A strong post-pandemic recovery in 2021 meant that predictions for the equity IPO market in 2022 were hopeful. But the Ukraine war, inflation and economic downturn blew away all that optimism. Victoria Thiele reports on how the IPO market has responded and what to expect next. Accompanying data is from a survey of equity market participants undertaken in October and early November.
Despite record volumes in 2021, it has been the worst start to a year in the European IPO market since 2016 — even a deal from a favoured sector has been pulled. Market participants agree one thing is needed to fix it: certainty about the path of interest rates
The green energy transition has caused a secular shift in what investors are prepared to fund. The oil and gas industries will, over time, find funding for their dirty activities harder to come by. But for now they have a golden chance — perhaps their last — to use the capital markets
IPO performance may not have matched that of 2020 but it was still up. A large number of Spacs masked how much new US stocks outperformed their EMEA cousins in early trading but in the long run, the old continent provided better IPO peformance