According to EY’s Global IPO Trends report for the 1Q2023, the quarter was “another down period” on the back of interest rate increases, a lukewarm stock market, an inflationary environment and unexpected turbulence in the global banking industry.
The initial public offering (IPO) market is continuing to experience an “unwelcome environment” in the 1Q2023, following the lacklustre IPO market in 2022.
The first quarter of 2023 saw a total of 299 IPOs raising US$21.5 billion ($28.56 billion) in proceeds, representing an 8% and 61% decrease y-o-y, respectively.
