Global IPO value at 20-year high in Q3; Asean shows quarter-on-quarter rebound: EY

But US presidential election could have negative impact on both regional and global equity markets

Uma Devi

Published Fri, Oct 16, 2020 · 09:50 PM

Singapore

IPO activity bucked a "traditionally slow" third quarter to record the most activity in the last 20 years by proceeds, according to a quarterly IPO trends report by professional services firm EY.

There have been 872 IPOs this year, raising US$165.3 billion in proceeds. Of these, 445 deals happened in Q3 raising US$95 billion. There were only 251 listings in the corresponding period last year which collectively raised US$39.9 billion.

IPO activity in the Asia-Pacific region was the strongest of the three major regional classifications in the report - with 5…