Europe’s IPO market growing the fastest

IPO activity continued to shift in the second quarter. Asia, usually the world’s leading IPO region, once again suffered declines, and Asia’s market share fell from 60% to 39%. „The picture is primarily clouded as a result of developments in China,“ commented the analysts at EY. Only 74 IPOs were counted in the People’s Republic – a drop of two thirds. Volume also shrank significantly to just 6.3 billion dollars – a drop of 80%. By contrast, the number of IPOs in Europe rose by 10% to 69 and issuance volume tripled to 15.2 billion dollars. The US market also performed significantly better in the first half of the year than in the same period last year. The number of IPOs rose by 27% to 80 and issuance volume climbed by 75% to 17.8 billion dollars.