Initial public offerings slowed globally in the third quarter of 2021 from their previous frenetic pace, Reuters reports, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data.
IPOs in the third quarter raised a total of about $94.6 billion, down 26.3% from the second quarter, as activity cooled due to a summer slowdown and U.S. scrutiny of Chinese listings following Beijing’s crackdown on DiDi Global mere days after its New York IPO.
More than 2,000 IPOs have raised a combined $421 billion globally year-to-date, a record high. That was more than double the proceeds raised during the same period last year. The number includes IPOs of 486 SPACs that went public in the first nine months of the year, raising a total of $127.7 billion. Read more.
