The number of initial public offerings (IPO) in 2020 rose by 19% y-o-y to 1,363, while proceeds from the IPOs grew 29% y-o-y, according to the EY quarterly report, EY Global IPO Trends: Q4 2020.
The report, which was headed by EY Global IPO leader and Asia-Pacific EY private assurance leader Paul Go, noted that the IPO market was “more resilient” than expected in 2020.
“2020 was full of surprises. Market volatility in the first half of the year was higher than any time since the global financial crisis. But volatility quickly subsided, with the year ending on the back of some stellar IPO market performances,” says Go.