Virus Stalls Global IPO Activity

IPO activity that was on track to regain the momentum of the first quarter of 2018, may now end 2020’s Q1 just slightly better than last year.

EY’s quarterly Global Trends Report says the quarter ending today will show no more than 235 IPO deals. Better than 2019’s 211, but far short of the 323 reported in 2018. The dollar value also pales in comparison: $28.5 billion this year versus $48.7 two years ago.

“The unexpected and novel events surrounding COVID-19 took a toll on the global health of equity markets,” says Paul Go, EY global IPO leader, “and together with other global market factors, have caused market turbulence last seen only during the global financial crisis of 2008.

“This extreme market volatility makes any ambitions to go public highly uncertain, both in terms of timing and valuation.” 

Surprisingly, given that China was the first to experience the effects of the coronavirus, the nation accounted for 90 IPO deals worth $13.2 billion. Asia-Pacific overall was responsible for 160 deals totaling $16.8 billion, a 28% and 110% increase respectively compared with Q1 2019.

EY Asia-Pacific IPO Leader Ringo Choi, noting that Covid-19 had “some impact on IPO activity,” predicted that “with government policies and economic stimulus packages in place, IPO markets should see some improvement in the quarters to come.”

In the Americas, where the US accounted for 24 IPOs worth $7.3 billion, “Covid-19 and oil tensions have largely dried up IPO activity for now, ” observed Jackie Kelley, EY Americas IPO leader. She added that “The IPO pipeline is growing, as issuers look for opportunities to be prepared for calmer and more conducive markets.”

Despite that optimism, the EY report announcement says, ” IPO markets are not expected to quickly rebound in Q2 2020. However, while Q3 is typically a slower time of the year, there may be increased IPO activity as the market attempts a reset and the global pipeline looks for the next IPO window.”

#GreenKeyUnlocked: Become a Medical Assistant
General Interest Green Key News Healthcare

#GreenKeyUnlocked: Become a Medical Assistant

#WeAreGreenKey: Intern Spotlight on Olivia Stein
General Interest Green Key News Healthcare Worklife

#WeAreGreenKey: Intern Spotlight on Olivia Stein

#WeAreGreenKey: Spotlight on Brett Braterman
General Interest Green Key News Healthcare

#WeAreGreenKey: Spotlight on Brett Braterman

#GreenKeyUnlocked: Accounting Advisory Consulting
Accounting + Finance Financial Services

#GreenKeyUnlocked: Accounting Advisory Consulting

#GreenKeyUnlocked: Let’s Get Creative!
Creative General Interest Green Key News

#GreenKeyUnlocked: Let’s Get Creative!

How to Quit Your Job (The Right Way)
General Interest Worklife

How to Quit Your Job (The Right Way)

Green Key Unlocked: Let’s Talk Marketing Operations
General Interest Green Key News Information Technology Marketing Technology

Green Key Unlocked: Let’s Talk Marketing Operations

Tips for a Successful Job Search This Summer
General Interest

Tips for a Successful Job Search This Summer

Are You Prepared for the Great Rehiring?
General Interest Green Key News Human Resources Leadership + Management Worklife

Are You Prepared for the Great Rehiring?

5 Reasons Not to Accept a Counteroffer
Accounting + Finance Architecture + Engineering Creative Financial Services Healthcare Human Resources Information Technology Legal Support Marketing Technology Pharma Professional Support

5 Reasons Not to Accept a Counteroffer

4 Trends in Architecture and Engineering
Architecture + Engineering General Interest Information Technology Leadership + Management

4 Trends in Architecture and Engineering

Prime Day 2021 Brings New Challenges for Amazon Sellers
Accounting + Finance General Interest Leadership + Management

Prime Day 2021 Brings New Challenges for Amazon Sellers

Juneteenth: History and Significance
General Interest

Juneteenth: History and Significance

Biogen’s Long-Awaited Alzheimer’s Treatment
General Interest Healthcare Pharma

Biogen’s Long-Awaited Alzheimer’s Treatment

The Internet Had a Bad Day
Information Technology

The Internet Had a Bad Day

LGBTQ+ Pride and the Role of HR Departments
General Interest Human Resources Worklife

LGBTQ+ Pride and the Role of HR Departments

What It Means to Be a Leader During a Time of Crisis
General Interest Leadership + Management Worklife

What It Means to Be a Leader During a Time of Crisis

Mid-Life Crisis? Consider a Mid-Life Career Switch
Accounting + Finance General Interest Information Technology Leadership + Management Worklife

Mid-Life Crisis? Consider a Mid-Life Career Switch

Lawyers Look to Move Firms to Keep Remote Work
Legal Support

Lawyers Look to Move Firms to Keep Remote Work

Is the Hybrid Workplace Sustainable?
Worklife

Is the Hybrid Workplace Sustainable?

Latest Blog Posts
View All Posts
#GreenKeyUnlocked: Become a Medical Assistant

#GreenKeyUnlocked: Become a Medical Assistant

Medical assistants work directly with doctors to triage patients, take their vital signs, and collect information about their health concerns.
Read More
#WeAreGreenKey: Intern Spotlight on Olivia Stein

#WeAreGreenKey: Intern Spotlight on Olivia Stein

Curious about what a Green Key internship looks like? Olivia Stein shares how her Green Key Healthcare internship has helped...
Read More
#WeAreGreenKey: Spotlight on Brett Braterman

#WeAreGreenKey: Spotlight on Brett Braterman

Welcome to #WeAreGreenKey, where we shine a spotlight on the people behind our powerhouse. This week, we're featuring Brett Braterman...
Read More