There were also a number of IPO launches postponed due to market uncertainty and instability. In line with the sharp decline in global IPO activity there was a considerable fall in cross-border, unicorn, mega (proceeds above US$1b) and SPAC IPOs.
#RECENT IPOS 2015 FULL#
These include the rise in geopolitical tensions stock market volatility price correction in over-valued stocks from recent IPOs growing concerns about a rise in the commodity and energy prices impact of inflation and potential interest rate hikes as well as the COVID-19 pandemic risk continuing to hold back a full global economic recovery. The sudden reversal can be attributed to a range of issues, both emerging and residual. For Q1 2022, the global IPO market saw 321 deals raising US$54.4b in proceeds, a decrease of 37% and 51% YOY, respectively. However, by the second half of the quarter, worldwide stock market declines shifted the trajectory dramatically in the opposite direction, resulting in a significant drop in overall activity. The year started off strongly, continuing the momentum of Q4 2021, with January producing the strongest opening month in 21 years by proceeds.
( Bloomberg)ĭeutsche's Asia asset arm pitching for share of bank's €1.5bn investment. Meanwhile:īank of China Hong Kong may be set to expand its headcount in Southeast Asia. The firm has already been bolstering its senior ranks this year – it’s poached Patrick Ngan from UBS as head of ECM and Lu Ting from Bank of America Merrill Lynch as head of research. If the post-IPO growth of other Chinese banks – in particular Haitong and Citic – are anything to go by, Huatai’s listing should lead to business expansion and more hiring. Boosted by Industrial Bank’s US$2.1bn follow-on in February, financial services was the leading sector for ECM volume in China last quarter, with deals worth US$9.9bn, up from US$2.9bn in 1Q 2014, according to Dealogic. As we reported earlier this month, global banks in Hong Kong are increasingly recruiting senior FIG bankers to help them handle share sales and mergers from expansionist Chinese financial institutions like Huatai. Huatai’s IPO will add fuel to a financial institutions group (FIG) job market which is already starting to boom in Hong Kong. This marks somewhat of a return to the turn-of-decade glory days for equity capital markets (ECM) bankers in Hong Kong, which was the leading market for IPOs globally between 20, according to the Wall Street Journal. The Huatai listing makes Hong Kong the top destination for IPOs globally so far this year – it was previously fourth, with listing volumes at US$7.2bn, behind New York at US$9bn, according to Dealogic. Huatai Securities’ US$4.5bn IPO in Hong Kong is the second largest in the world so far this year. But what does the listing mean for your career if you work in investment banking in Hong Kong? Here are three key takeaways: 1) Hong Kong is becoming increasingly attractive if you work in ECM
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