There have been more IPOs on Asia-Pacific exchanges so far this year than in any other region, with 339 new listings compared to 215 IPOs in the same period in 2013, according to the quarterly EY Global IPO Trends: 2014 Q3.
Proceeds are also up, with $47.4 billion in capital raised in 2014 – a 51% year-on-year increase.
Hong Kong has been the busiest exchange in the region in 2014, with 64 IPOs raising $16.7b. However, Australia, Tokyo and Shenzhen also rank in the top 10 by capital raised, accounting for 4.6%, 3.2% and 2.5% of global proceeds respectively.
Consumer staples is the leading sector by proceeds, with 14% of the region’s capital raised, ahead of technology (12.5%) and energy and power (12.5%). The industrials sector has seen the highest number of IPOs with 56 deals, followed by technology with 43 listings.
Global IPO activity
Global IPO activity continues to climb with 851 IPOs raising $186.6 billion in the first nine months of the year, a 49% increase in volume and 94% increase in proceeds compared to the same period in 2013, according to the quarterly EY Global IPO Trends: 2014 Q3.
After a quiet August, in which some US-bound companies waited in anticipation of the Alibaba listing, the third quarter posted 260 IPOs, raising $67.1 billion, up 29% and 162% respectively year-on-year.
Companies from a broad spread of industries continue to come to market. Year-to-date, the technology sector leads by capital raised with a total of $42.9 billion via 107 IPOs, driven by Alibaba’s record $25 billion listing.