According to professional services firm Ernst & Young (EY), the slowdown is due to volatile market conditions.
The global IPO market has seen a “significant slowdown” in the 1Q2022, following the record-breaking figures in the global IPO market in 2021.
For the 1Q2022, the global IPO market saw 321 deals raising US$54.4 billion ($73.65 billion) in proceeds, representing a decrease of 37% and 51% y-o-y respectively.
