India accounts for 3% of global IPO proceeds worth $330.6 bn in Jan-Sep

Last Updated on December 22, 2022 by Admin

[ad_1]



With over 70 companies coming out with their initial share sales, India might have emerged as one of the top IPO in terms of proceeds at USD 9.7 billion in the first nine months of this year but the amount is just around 3 per cent of the total global IPO funds raised during the same period.


A staggering USD 330.66 billion has been mopped up so far this year till September through across the world.





In terms of the number of initial public offerings (IPOs) during the 2021 January-September period, India’s count was 72 which is 4.4 per cent of the total during the same period, according to a report from leading consultancy EY.


Globally, there were 1,635 during the January-September 2021 period.


The report showed that the US topped the list in terms of IPO proceeds at stock exchanges NASDAQ and NYSE, followed by China’s Shanghai (SSE and STAR), and Hong Kong (HKEx and GEM).


Others in the list are Shenzhen (SZSE and Chinext), London (Main and AIM), Euronext and Alternext, Korea (KRX and KOSDAQ), Sao Paulo (BM&F BOVESPA), Deutsche Borse (Main and Scale), NSE and BSE, NASDAQ OMX and First North.


EY noted that “India ranks 11th by proceeds globally in YTD 2021. Nasdaq and NYSE continue to dominate global in terms of IPO proceeds and are an attractive listing destination for companies across geographies”.


Overall, there is a healthy spread of IPO activity across many which continue to experience mega IPO pipeline build up in India, it added.


According to the report, Asia-Pacific holds steady despite volatility and that YTD, “the region has recorded 750 IPOs, an increase of 35 per cent year-on-year, which raised USD 123.4 billion by proceeds a 44 per cent year-on-year bump”.


Technology is the most active sector in the region by both deal numbers (154 IPOs) and proceeds (USD 34.3 billion), it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

mail Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



[ad_2]

Source link