IPO Activity Down in US after Record 2014

Last year was the most active on record for initial public offerings (IPO) in the US, but 2015 has not yet matched it despite getting off to a strong start, reports Dealreporter.

The specialist news and analysis service reports that H115 offerings are down in both the volume and value of IPO listings.

A total of 57 IPOs raising US$ 10.5bn to date represented a 47.2% decrease in offering size value for US-based companies listing globally, 53 less IPOs than for the same period last year.

According to Dealreporter’s Equity Capital Markets (ECM) platform and additional research, IPOs backed by private equity and venture capital (PE/VC) firms have accounted for 63% of total IPO activity on the US markets so far in 2015, a slight increase in market share compared to same period of 2014.

Other highlights include:

  • The energy, mining and utilities (EMU) sector led the way by offering size with a market share of 37.2% – mainly driven by the top three US IPOs which accounted for 78% of the total EMU value In terms of new listings volume.
  • The market is treating new listings better than last year due to an improved aftermarket share price performance, with one month average returns improving from 18% to 24.5% year-on-year.

For more stats and data on IPO activity this year, the full report is available here


Related reading