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
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.